The advantage of this is the extremely low down payment needed for owner occupancy.

I know that they are extremely short on affordable housing, so if I were still there, that would be my target market.

I am aware that there will be a 15-20% flipping tax that will be passed in NY which would make it extremely difficult to have any sort of margins on the outsell.

Alot of real estate investors only see the statistics which only the northern part of the city is accounting for :) The northern part is the portion that is causing those particular statistics while the south county/south city is doing extremely well.

Finding a partner seems like it would be extremely hard for me right now, still looking for meetups around me or anything like that!

They need drawings and specifications otherwise it’s a wild guess (or a extremely detailed contract).  

Being that the RE market is extremely hot right now if it's been sitting for a long time that's a good sign something is off.

I focus a lot on cold calling and off market properties.

The opportunity to be of value can come in many different ways, and we each have our own talents. i.e. architecture, networking, design, cold calling, and more vs some people work a lot of hours and only have the time to put money into the stock market and look to diversify but dont always know where to go, so the opportunity to build those relationships with people for the long term will always be the way to go in this business. 

@Eamonn McElroy, and @Linda Weygant are extremely respected accountants.