Now that it’s getting close to the time for me to leave, I’m rethinking my strategy.

He just wants to leave and doesn't have a way to move it. 

Coops can be painful...I live in one...love the place...and would love to leave it at the same time...will think twice before buying another one...that said in NYC and around they are hard to avoid.Like any property if you find value it can probably be done, but there are some serious pitfalls you have to watch:1.

I ballparked the Insurance amount, listing agent stated 2k/annually but I wanted to leave more of a cushion.

They leave keys in the lockbox when they are out at noon.  

If you buy a property for $180k with an ARV of $300k and you ultimately want to refinance after rehabbing to pull cash out for another investment, you will likely only get 75% LTV, maybe 80% LTV, depending on the lender (unless you go with non-conventional lending), which leaves you with loan of $225k - $240k.

For you're analysis I would suggest you run on a 50% expense ratio which leaves you at $15210 NOI which at they're stated 9.7 cap is a purchase price of $156,800.So reasonable numbers vs. their actuals equal a value that about 60k apart, sounds like you have some negotiating to do. 

  $0 from $0 leaves.......So in essence you are asking the seller to pay an agent for the sale of their property where they will be receiving no money??? 

Account ClosedI was thinking BP is about making money in real estate, so the part that I read in your post that was relevant to me was how much money you lost by not holding on to those properties.It is one thing to leave for greener pastures but you could have still made money by keeping your properties.  

But leave your cash and CCs at home so you don't yet hyped up and buy a bunch of nonsense that you can learn on BP or at your local REIA.