The monroe county website is pretty good for finding the tax information  to run realistic numbers.Also NYS passed some new legislation regarding tenants rights, which may make things a little trickier. 

https://theweek.com/speedreads/865930/bernie-sanders-proposes-25-percent-house-flipping-tax-new-housing-planI don't mind the vacancy tax, would create more inventory.

I changed my mind on several things after submitting the proposal to the hard money lender, so I couldn't get financed on the long-term conversion for that.

I don't propose waiting: Just be very specific and focus on understanding the sub-market you have chosen to invest in.For those investors in the know, an increase in foreclosure activity could be very good news...This recent blog post breaks down the August 2019 year-over-year foreclosure start data even further: https://www.biggerpockets.com/...

After 3 and a half months with no traction I pulled the house and listed it for rent.I had a company contact me with the proposal of facilitating the transaction and finding an end buyer from which the buyer would be putting down 10% of the purchase price ($55k) and cover the mortgage including all other payments such as taxes, insurance and HOA.This all sounds fine, however the Buyer would take possession of title and I would no longer be considered the owner and would just be offering Seller financing at that point.

The buyer makes an offer (say $240k), defining what they can put as a down payment, and the terms s/he proposes.

While California renters probably breathed a sigh of relief, property owners, at least at Primrose, scrambled to raise their rents before the legislation becomes official law.Tenants at the 26-unit Primrose, located north of the city limits on U.S.

It will be interesting to see how this plays out, because this last July, Seattle also passed new land use legislation that allows up to 2 additional units on a single family home property (one attached accessory dwelling unit and one detached ADU). 

These are basically proposals, not the actual offer.

Currently IL has passed legislation to outlaw it, but it's not to North Carolina yet.