I agree about staying on top of things, I also try to make sure things are in good working order prior to tenants and try to keep the current age up big ticket items in mind. 

It was an all cash purchase and reno, so no real carrying costs other than insurance, which helped.

If I ended up having to carry out an eviction, NYS extended a moratorium until August 31st, so I'd be stuck with the tenant at least until then.

Got appraisal on Google drive.This is where the challenge stopped, but I wanted to keep taking notes4/28/20217:55 PMSent email to the title company to get the closing time scheduled4/29/2021Confirmed closing at 11 AM on May 4th at the title company4/30/20215/1/202111:15 AMGot cashier's check for closing5/2/20215/3/2021Tyson confirmed Oleatha passed occupancy checks5/4/2021Met at title company for closing, collected keys from vacant unit, applied for AMEX Blue card5/5/2021Began providing checklist items to property management, changed electric/gas in to my name for vacant unit, priced out new fridge/range for vacant unit5/6/2021Provided more checklist items to property management, setup new checking account at local credit union, met with property manager and asked all my questions5/7/2021Sent paperwork to City Water to have service transfered, literally have to fill out a form that is a photocopy of another form... this is why St.

None of the portfolio lenders in my area are willing to allow the seller to carry back a 2nd lien position for the down payment portion. 

Carry on.

It really comes down to what you are comfortable with, but if your agent is quality, he/she would have explained each item in detail and answered all your questions so you could determine how to proceed.  

I would assume this would mean the big ticket items (furnace, HVAC, plumbing, windows, roof, etc.) are in safe working order.

Education and networking will be two powerful items to focus on, especially early on.

Just a few items; lumber prices are up 325%, conduit is up 50%, any product which is produced with materials from one country and assembled in a different country is taking 3x the normal lead time, at best.