I specialize in buy-and-hold and value-add investment strategies, with a focus on multi-family properties.

Many investors start with a variety of insurance carriers to manage different properties.

The subject property is zoned Neighborhood Conservation (NC). 

@Moshe Cohen   The easy answer is called "delayed financing" assuming you are buying/bought the property with cash. 

I have owned many properties in Westchester over the past 30 years, but it's best to make them fix the permitting or rip it out or use those things as a way to get a better price, which you won't get in Westchester.You only accept as-is bathrooms or basements without permits when you are going to do a full rehab yourself and can get a temporary CO.

From my observations, most  properties marketed by wholesalers are not  “off market deals”.

Selling a rental property too soon could mean missing out on a property boom.

Changing the deed into an LLC will probably prompt the mortgage company to call the loan - you will have to pay the loan immediately because the property is no longer owned in the same entity that originally got the mortgage.

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

I did a search on vacant properties and then did a drive-by test yesterday.