I currently live in New York and I want to buy a rental property in Orlando. 

This is barring any macro national and/or global events causing the economy to falter.

If this were a 3 bed/2 bath brick home on a nice street in Dunwoody (I know it can't be) I - and every sane person on this chain - would pick it up in a New York minute regardless of whatever number they ordinarily shoot for. 

I'm looking to do a 1031 Exchange on Long Island (New York).

Great beer, beautiful urban parks, 300 days of sun, legal weed, countless good food and bar options, and proximity to the mountains. 

Also seeking mentorship & advice on how to understand New York State contract to present to sellers?

This is barring something like a rotted out support beam underneath which you can jack up to replace.If you're as good as you can get, I've found linoleum plank is pretty conformal and will take a beating.

Search Avvo in your local jurisdiction or reach out to your local State Bar Association.

I live in New York so for me it’s out of state investing.

@Patrick Q.Jersey City is very close to New York City.