Since your goal is passive income, breaking even, and long-term wealth, here are some general steps to guide you:Location Research: Focus on areas with landlord-friendly laws, especially since you want to avoid tenant-landlord issues like those in New York.

You will clean it out, but for that, you need to get it at a lesser price, bargain basement because this place is dangerous.

This final determination based on various factors such as condition of property, location, and bedroom/bath count.

I believe this is a tactic to pressure me into paying the incorrect amount to avoid delaying the sale.

You could look at a seller carryback 2nd (seller-financed 2nd position loan), but DSCR lenders will vary in whether they allow this and by how much. 

The market in my area is unlike Florida, and I don't know the protocol in this area.

Besides traditional banks to access the equity via HELOC or refinance, what other programs are there via private lenders that will allow me to access that equity?

Do I have to request this maltreatment of the property to quit first before noticing to evict? 

As I embark on this journey, I’m eager to learn more about the local market, connect with fellow investors, and engage with the vibrant community that makes this city so special.

I know this is not typical for a renter though, particular in a relatively lower income area where my class C property is located.