@David Dachtera, let me ask you a different question, seeing as we have fundamentally different points of view, contradicting each other is not going to produce anything constructive.What is it that you have gotten out of your association with Renatus that makes you such an enthusiastic proponent?

Basically, you avoid the costs and time associated with an eviction by giving the current resident an incentive to vacate the premises AND leave them in tidy order by offering a certain amount of cash for them to turn over their keys. $250 or $500 might get the out the door in a week.

If so, is it as simple as calling around and asking them for all their fees associated with closing on the loan?

Hello Everyone,I've noticed that the forums for the NYC market are surprisingly sparse, but I'm assuming that's due to the level of difficulty associated with breaking into the market here.

Agreed Steve Pheterson is a fantastic RE Attorney and Lawrence and Associates are pretty good with rental insurance.  

If you use the Land Trust, your conversations with the lender should be along the lines of "Hello, my name is @Rich Hupper , and I have a Power of Attorney/3rd Party Authorization/Im the trustee for matters associated with Mr Seller's property at 123 Main st."

Find an associate and they tell me there are 4 in stock but they're on the top rack, which can only be accessed off hours with picking equipment so they don't crush a customer if they drop a pallet.Fine, I want two of these cabinet doors and I'll be back to get them tomorrow morning.

Scott, I think you are on track about the short term acquisition expenses and what you might think of as initial costs associated with occupancy stabilization of the property.

Check with the local apartment owners association.

Find a friendly realtor to send you a blank PDF copy from the local association in your area.