I'm a New York City Investor looking to invest in Albany, New York with my business partner.

@Lucia Rushton New York 

I can sell grandma's house today for $400K, the traditional way with appraisals, inspections, showings, repairs, staging, financing contingencies, all all the rest, OR.....we have an investor who can pay you CASH today without all that, but it will be at a discount...$300K to transfer all the risks and inconveniences to that investor.   

@James York thank you!

Then wealthier cities, like Boston and New York City, with more serious long term housing shortages came along and not only went to court but won their court battles.

Veterans who dispose or transfer their properties under these conditions remain liable to VA for any loss that may occur as a result of future default and subsequent payment, unless the property is transferred to a creditworthy purchaser who agrees to assume the payment obligation the servicer initially determines the purchaser's creditworthinessAny purchaser may qualify to assume a VA loan however, for a veteran’s entitlement to be restored, a veteran purchaser with sufficient entitlement must complete a substitution of entitlement when the ROL is closed.

The quality of property management companies in Upstate New York is garbage. 

It is a 3 family in upstate New York and I will be owner occupying the first floor apartment. 

Aloha,Although I am certainly not familiar with anything New York, it simply is not possible to operate a multi-unit property without some form of financial reporting.

Quote from @Alexis York: I bought my first property a year ago, condo in las vegas.