The only thing we can think of is he deals with a lot of international trade and money and maybe it’s OFAC we just get a scripted message every time we talk to someone so we got lawyers involved. 

With your Fico and down payment, all you need to do is make sure you pass the debt to income requirements. 

It would be a tight budget but I do have money set aside for repairs.

New York is hard to evict people and you'll end up spending more time and money doing it yourself.

Even if rents are trending up, if your tenant base can't make ends meet, the asset won't perform.

Apply for a dimensional variance on the vacant lot to allow a smaller lot and/or setback so it can be built upon.Your best first steps are to sketch a plan, possibly with an engineer's help, then contact the zoning department to discuss your idea with them to get informal feedback on your liklihood of success before you spend a lot of money.

I just can’t imagine how everyday people spend this much money on pipe.I don’t think insurance covers any of the foundation repair, also wonder if insurance will cover any of the sewer line repair work?

Most of the properties we acquire are with little to no money down (even $0 down!)

What if you need to inject more money? 

Jonathan, The tenant does not currently owe any money.