Steve, My knowledge of properties in NYC is very limited, but with what I do know and have observed personally (I used to tag along with my Uncle - he's a construction contractor) on buildings with age like you have throughout New York, it is very important to check for leaks, as well as foundational issues.

I am going to adjust/add information (e.g. cut the numbers in half) to get my point across in this example.Property A, purchased Non Owner Occupied by an LLC with the intent to rent, has ARV of $75,000.

In some areas if you are buying land somewhere and building you will need a construction loan and then have to flip that to a conventional at the end of construction.

I plan to share my knowledge of new home construction as needed, to learn from other's experiences, and to grow my network with seasoned investors.

I'm sure I could come up with an adjusted rent that's reasonable if three tenants are indeed living there.Bigger concern is character and the deception/misleading application.

Will the price be adjusted to cover the upgrades?

I've been in construction for several years and my wife and I would like to work on having a few investment properties.

I can't believe the new construction every time I go up there.

Usually flood zone boundaries and or elevations are altered due to new construction in the area, which may be alterations to the stream upstream (i.e. building higher dikes, etc.), widening the stream below you are two such examples.

Just curious how Las Vegas Realtors are adjusting to Fusion.