I would also put an inspection contingency on every offer you submit so you could still back out of a deal if you're not satisfied due to inspection.

Being an agent I am aware of all of the challenges for financing for real purchases, however, investing brings entirely different financing challenges.

The challenge is they will not be back until end of July because that is when they are moving up here.

I've spoke with the city probate clerk about becoming administrator of his estate, but since I'm not a blood relative and not his next of kin it's been a bunch of jumping through hoops.It's been a challenge trying to do anything regarding his affairs, because of course no one will talk to me without the admin designation.

Right now my biggest challenge is getting my first flat, rent to let into positive cashflow - as it was my first investment back in 2012, my later properties are doing well, but I didn't know the 50/50 rule and so have had very little success with my first flat.

Now, I challenge you to take another." - Dan PoynterLastly, don't forget that we are here to help and likewise learn from your contributions.

But I can say from experience that in NYC it is tremendously challenging and expensive (for the landlord) as legislation was passed at the state level in New York a few years ago, and then enhanced even further in the city specifically.1) 60% (or 51%?

Switching uses at a property can be very, very challenging for all the reasons you mentioned.

I would Agree with not signing any kind of release until you are satisfied.

Now, I challenge you to take another." - Dan PoynterLastly, don't forget that we are here to help and likewise learn from your contributions.