They're going to love me by the time I'm done with them :) I've been visiting the properties in person, noting which are occupied, entering when possible, and taking notes as to condition.

In my area I could look up a notation entered into the court docket for the foreclosure case that reads something like "sheriff sold real estate on 04/01/2014" or something like that.

Agree this is a protected class, so the pros and cons can't enter the decision.

Obtain a non refundable deposit, enter into an Agreement of Sale, determined if this is a cash sale or a mortgage is required.

Is this an industry that is worth entering now or is it close to saturation in NYC?

After that you will be asked to enter your email and then watch the video with Phill Grove speaking.

Should you enter the "buy and hold" game, these skills will be very valuable with regard to tenant selection/retention/elimination.

Then enter a rental agreement with your tenant AND an option to buy agreement for a $5K or $10K option fee.

But I certainly would enter into my own signed written rental agreement with all of the tenants as soon as I had possession of the property.

Sometimes wells also fail (for a number of reasons) which can reduce the rate that water enters the well.