I’ll PM you shortly

In short, I call BS.

If he thinks you are the buyer and has a short fuse... good luck, sounds like a recipe for a BAD situation.

Are there real estate agents in Westchester County, NY that specialize in finding short sales, pre-foreclosures, foreclosures, etc. for cash buyers?

But tenant is Duplex A is $500 short. 

We have a 2/2 condo in an attractive area in inland South OC (w-golfing, lake, community pool) we bought 4 years ago for $339k, and it's worth approx. $450k.  

Long story short, you're coming out of pocket every month with this one to pay the bills once you turn it into a rental.After 3 years, you'd have about $27k in equity (assuming no appreciation/depreciation), which shakes out to about $750/month of your BAH going into your pocket for 3 years living there. 

Recent quote from First American for a refi around the same loan amount: Escrow fee $595.00 - includes recording feesTitle fee $450.00 (short form policy)Notary fee $150.00I like them because they don't change a dozen different fees!

It's a short drive to Richmond (30 mins) and a lot of people commute.   

At that point if you purchased the property to flip it the cost of renovations, repairs, apoliances, etc... would be capitalized as WIP inventory and then recognized as cost of sales once the property is sold.If you are not a real estate professional and you aren't actively flipping multiple properties per year (specific number is a gray area) then you would still have long term or short term capital gains.