One question I have is, say I get a seller to sign a purchase and sale agreement and have 21 days to find a buyer of my place in the contract... what if I can't find one?

I have been trying to compile the most comprehensive commercial due diligence for each side, seller & buyer, and have a lot of information to be thorough yet efficient.

((*side note* the MLS page had verbiage"All properties are subject to a 5% buyer's premium pursuant to the Event Agreement and Terms & Conditions (minimums will apply).")) 

And it’s not a grant, it’s state specific  first time home buyers mortgage program that is offered with lower pmi and interest than others in the area and it did require owner occupancy.I only ask because the area where I bought isn’t the best but isn’t the worst if that makes sense.

Properties that will require significant work and cannot be sold to a buyer with conventional financing are at the top of the list.

Now my question is, would you recommend such a large rehab project for a first time buyer/investor?

I dont know the Queens Village area that well but I know homes are expensive here in NYC.Do you plan to wholesale the property - figure out what it will cost to buy it, rehab it and then advertise this information to potential buyers.

Once the spring/summer/fall season comes around here in upstate new york, the second home buyers market will be hot.

In MA it is very technical and frequently my buyers have the security deposits returned to the tenants in case they have not been held the correct way or they could become liable.A couple of times I have had to go back after the seller because the tenant was able to prove they gave a deposit and the seller said there was none so my buyer client was on the hook.

This would provide more cash flow and mortgage support (usually)Your first time home buyer credit should cover most of your FHA requirements even on a 4 unit.Or maybe just buy bitcoin and wait six months so you have more money to play with