I think the best way to continue valuation is to add revenue and expenses from the house as if it were a rental and then add in all expenses, that way you get a full P&L picture and it negates the weird game the seller's trying to play with the expenses.

There’s always an adjustment on the closing disclosure to account for the exact days so it’s unlikely it would be the exact loan amount at payout but fairly close to it.

So if your looking to fix and flip $100k is more than enough to get in the game on Long Island.

I am an investor that is very new to the RE game and lives in Walden, NY. 

I'm new to the real estate game, and I'm making a hard pivot in my financial strategy on where to allocate my money.

Last December I got into the Multifamily game, we have been underwriting deals from 10-100+ units.

I’m trying to figure this out now because I need to come up with a game plan.

I will never do roofing, drywall, cement flatwork, or gutters ever again.Everything else is fair game. 

You can also have the LLC set up so that they can or can't have voting rights, yearly payouts etc....

For seller financing what I would do if you can come up with a game plan on a value add or way of getting additional funds within the time period.