Figuring this out has been a bit complicated, so if you have gone through a similar process please reach out!

These forms are so complicated that an attorney is likely to find a way to file a lawsuit for making mistakes on the forms and asking for many times the deposit.

There are other complications that you might want to bring this to your tax advisor's attention.  

I should know... my accelerated losses really made financing complicated for me in 2020.One way around this is to get a non-recourse style loan.

The market seems .... complicated.   

The network engineer in me is screaming, "This is waaaay to complicated and a waste of my precious time.

In NYC a highly regulated housing environment it is complicated to take anyone to eviction court / civil court, much easier to take folks to small claims court (as long as damage is under $5000).Hope this advice helps you.

Then do leg work on how you're going to get your upside once you own it (ie rent increases or cutting unnecessary expenses.)Good luck, you'll learn somethings far more valuable that getting/owning a property. 

Short answer is yes it can be done, it is just more complicated and your finances/credit have to be very good.

Their training and their tendency is to complicate matters which, or course, keeps that billing meter churning.