Higher interest rates and shorter terms are part of the deal, but they can get you that quick cash you need for the purchase and rehab.Then, there's private money, which might come from individuals like your dad or other investors looking for a solid return.

Depending on where you are there may be conventional products that still allow you to put as little as 5% down.

@Moss Siridajnawanan send the tenant a Notice to Terminate Tenancy, or whatever your state version of this NOW.Typically, you can put the end date of the lease in the document.This is a legal document that tells the tenant you do not want to renewal their lease and also allows you to start eviction process the day after the lease ends if tenant does not move out.

. $25k special allowance is not optional.

Sometimes, on our larger syndications we even choose not to do it on our properties.However, keep in mind that this is your individual situation.

@Michael Smythe I'm looking for recommendations for online services or platforms that connect me with individuals who can perform specific tasks on properties I'm considering, such as:Taking detailed photos and videosConducting basic inspectionsProviding neighborhood insights

I always wondered why whoever makes kool aid has allowed that to go on and on.  

That is a hefty renovation budget but there are loan products out there that will allow you to finance larger rehab projects.All the best to you as you decide to invest in or stay away from NYC! 

There is also a 3rd bill, SB 1211, that is supposed to allow more ADU builds on  multifamily homes.

I am really excited meet like minded individuals in this community whose goals are to increase their wealth and add value to the market place.