I would call their support staff and see if they can walk you through it. 

I’m also considering advising my tenant to look into Section 8 assistance, as it could help support their financial situation while allowing me to adjust the rent closer to market levels.

Looking for guidance on options. new builds aren't hard to finance and I would argue they are preferred to existing fix and flip loans, especially if you have experience. banks look at your experience, your builder's experience, loan structure, permits, etc you need to get an experienced builder familiar with advanced underwriting and negotiations with local, regional, and national lenders. in columbus we do ground up construction for clients at a 20% discount so they can BRRRR out of the new build with equity and we have pages and pages of data on what we build and why and it's all supported by market statistics. 

As of today, May 19, 2024, he is advertising a single family house for sale in Rosedale (Queens), NY for $250k, while stating that it will be a short sale once a prospective buyer makes and offer that's accepted by the seller after providing proof of funds. 

Did you advertise first and then obtain contract that way?

Then there is city approval and whether they want a 2 to be a 4 (seems like the nearby properties might support it).

Greetings all,I'm still a relatively new investor but looking to diversify my investing strategies. I already have one traditional LTR with a traditionally-qualified tenant. Next, I'll be pivoting into subsidized hous...

How are they still advertising this?

Can your existing box support the addition?

I advertise the houses that way, even if there's an appliance or two that the previous owner has left in them and I don't mention them so that the people coming aren't (or shouldn't be) expecting to find them.