Finding sellers that NEED to sell their property?

As of right now, the seller has accepted my offer and my realtor is drawing up the contract.

a few days later the seller countered and we ended up buying the property for $110K.

While it's great that unemployment has gone down, average wages have gone down more than 1% meaning people might have a job, but those entry level jobs don't really pay muchInventory for home purchases are significantly depressedDepressed inventory is creating higher prices (the old supply and demand)Increasing interest rates are also hitting people's debt ratios, so where they were able to buy a property last year with a 50% debt ratio, that same property has gone up in value and there has also been about a .5% to .75% increase in the interest rate. 

I could consider a personal loan for that money as well, which would let me rent out the unit faster but would require larger monthly payments.During the second year of interest only, the unit would be rented (accounting for up to 1 month of vacancy), and I would make $496 that year.At the end of the second year, I would refinance, and if the value of the house appreciated at ~2%, I would owe the seller around $10,000 after the refinance.

I have an occasional headache as I am sure everyone does, but so far (knock on wood) my tenants pay on time every month are not too demanding and take care of the place.

In some areas the potential sellers are getting 20-30 letters every month and they will tell you this over the phone when they call you.

On a serious note the pet's that you have on the premises as the owner doesn't obligate you to accept pets in your property, (though you may want to pet friendly rentals are always in demand) just know that having the pets on the property might make some renters think twice about living there if they don't like dogs, have allergies etc 

I thought it cleared all liens and judgements on the property but the title company is now asking me to see if the seller has an owners title policy to clear previous owners judgements.I asked them is it necessary if im getting title insurance.

There shouldn't be a surprise that NYC's MSA is really under supplied for the demand of a growing population.The problem is when someone says "But people are leaving!"