If you're willing to extend your reach to Phoenix or Atlanta, let me know.I don't work in NY, but I'd look at attending local REI meetups and of course utilizing BiggerPockets.

(Not trying to avoid taxes or anything similar)It seems that utilizing a LLC, established in New Mexico/Wyoming for example, may be the best way to achieve this, as a holding company. 

A great book that breaks down complicated financial strategies that you can utilize in your own business.

Insurance, utilities, CapEx, Maintenance, Vacancy, Property Management to name the most common items.3.  

Like I said I feel pretty comfortable with the deal right now just want some input from others that have gone through the process.Obviously I would utilize an attorney who specializes in Business Brokerages to facilitate the transfer, as I want to ensure it is done properly.

I need to try to find out what vacancy in the area is.The numbers seem mostly good, till you get to the utilities and taxes.

I think they are able to use utilities illegally while they rehab with a stolen meter.  

I would call the utility company and tell them you bought the property and want to see how much to turn on the power in the unit and when it was last turned on. 

The buyeris an investor and intends to utilize any and all investment opportunities for the subject property at their sole discretion inorder to maximize their return on investment and in doing so may resell the property at any time for any price at noexpense or delay to seller.Then I add the Representative Capacity Signature Disclosure.Thoughts?

Anyways the rental only produces 950/mo and really only floats the rental mortgage and is used for storing tools in garages.