I didn't sign a contract with him saying otherwise.2.

Letting inspectors and appraisers in, getting bids for repairs, taking photos, filling out contracts.. 

We have it under contract, contingient on structural inspection and survey.

Many realtors are more administrative contract negotiator these days.

Do you change which purchasing contract you use depending on the seller?

Gas, common electric and water for a 2-unit is going to run you between $200-400/month depending on the heating type, the size of the common areas, amenities (dishwasher, washer/dryer), etc.2) 5% PM fee is not going to happen.

Russell Martin you could have the contract subject to property being delivered vacant.

I don't have a Memorandum of Purchase Agreement contract.

Meanwhile while you go under contract they are already trying to sink their hook in the next guy and your property might take 3-6 months longer to get completed.

I also want to mention that I've been buying multi-family buildings with Partners here in Brooklyn for the last 20 years, currently have 7 multi-family, in Contract for a 3-Family Building in Prospect Heights for $1.890 Million.I know there may be others that might suggest you live in NYC and buy cash flow properties outside.