In September the court approval supposed to happen but the owner hired a lawyer stating that he never got any notice of sale which I dought and so the hearing is next in mid-October.P.S - I did hire a lawyer to look over the properties I bid on, but i feel like he doesn't know his stuff.Here's the subordination:

I am supposed to close on a 2 family apartment next week and just learned the owner wants a use and occupancy agreement up to 6 months.

@Julie McCoy I suppose to be fair I should probably change "ALWAYS" to "VERY OFTEN" since we have stayed at probably 100 STRs by now and I'm sure it doesn't happen 100% of the time. lol  But it does happen regularly in the past 1-2 years than it ever did previously.

Somewhere between the two is strategic planning to reduce your tax liability.For the first part, I suppose the answer will depend on your skillset.

For the folks making $300k + I suppose there may be ways to 'get ahead' - however in your case that much take home and so little savings to show for it, as well as prospects to invest there in NYC being dire at best for someone 'starting out' (in real estate, anyways) - means you should take a hard look about getting out of the area - at least since you're on a real estate investing site.If your pride can handle that, read on!

I supposed you ve learned how to properly vet those issues now?

Supposedly, for asset protection.

Tenant is supposedly waiting on delayed paycheck from new job to pay rent and made a commitment to pay rent by end of next week (Sept. 20th).

@Theresa Harris friend was supposed to find rehab but he's tied up for now.. when I see something good I Just F*cking Do It...

The property was never rehabbed (at all) as it was supposed to be when we bought it.