We would need to know your current operating expenses (and rent) to be able to provide any suggestions.

So, how much and whether it makes sense to update a property is about making it cash-flow better as a rental NOT ARV. 

Bootstrap financing How did you add value to the deal?

I found a way to get it financed.

They will let you know what you can and can't do without a permit and what you are able to do yourself within the scopes of those permits.My concern is because this is a rental, if you do anything that is not to code and the tenant reports it, you will likely have some much bigger issues to deal with.Given you note this is major rehab, I tend to lean to hire most, if not all, out. 

Hello Sheree, A good place to learn about wholesaling will be going to the local REIA.

Lesson learned.

Hello everyone,I'm interested in learning more about NYC foreclosure auctions, and I was hoping to tap into the collective knowledge here.

The plan is indeed to house-hack.

Excited to have you here!