Also, from what i have heard, it is recovering fast.Any specific neighbourhood in your view sutiable for flipping ?

@Brad Patterson if the seller accepts your offer, most of it the process will be similar to the first with the exception that you'll need to spend more time on the details relating to the mortgage financing which can get a little technical for a blog but put simply...  

Thanks @Brian Schmelzlen - I am checking into 1031 exchange details now (had never heard of that - thank you for sharing!). 

It might vary by jurisdiction in New York as well, and come down to the the history of that specific court house and the judges point of view.

Wow, thank you, thank you, thank you @Natalie Kolodij @Caleb Heimsoth @Scott Wolf @Wayne Brooks@Bjorn Ahlblad and a very special thank you to @Dave Foster for answering in detail all my pesky questions.To answer some of your questions @Natalie Kolodij:I still have to calculate the exact amount of the renovation costs, but I am pretty sure it would be around 70K and some of has probably already been deducted from my taxes because I forgot to mention that I bought my property under a  sole proprietorship LLCI could buy a multi family out of state but I would need to hire a management companyI part time occupied part of the two family but not as my primary home just as a vacation homeThe 2 family was an investment propertyFor @Dave Foster:is it better to hire a 1031exchange intermediary from the area where the property that will be sold is, or could I work with you even if you are based in Florida?

hey you guys! I’m a little new to this thing but I there our a few vacant properties around my area that I have been targeting. My question is how do you market absentee/vacant properties to your end buyers? How are y...

There's a very detailed case study on Roofstock by Jason Gines that was extremely helpful and allowed me to move forward with them https://www.biggerpockets.com/forums/92/topics/468304-roofstock-case-study

Plenty of folks on here like to help with analysis, so once you have more details to share, you may get some helpful advice to help you with your decision.

They asked me to be an ex-pat, but I had a home in Mountain View. 

I viewed the house which is rent ready in the 9am to 10am time frame.