Take advantage of the discount as it looks like it could save you a lot in your painting project!

I never heard of option 1 and I have been doing this for 20 years. 

What is a "luxury" for us is I am in real estate and my wife is in finance - so we both have experience and knowledge in each side of things, so it gives us some confidence when we reallocate that atleast one of us "knows what they are doing" - if that makes sense. 

Feel free to hit me up if you are willing to share any of your time. 

I bought it in cash since it seems most banks don't work with Co-Ops.

What LTV were you looking for on your rental? 

It is quite complex and heavily manual and opinionative (a lot of decision comes from intuition). 

I have a situtation where the owner had paid off the house but owns 27K in back taxes and is afraid they are going to take it away from him and wants to sell it. 

It will cost you a lot more in the long run.

They often do this by marketing directly to buyers or leveraging platforms that connect them to potential buyers without involving agents.