We're looking at properties with existing illegal suites and converting to legal, or suiting out a basement.

Any recommendation for eviction attorneys in Troy, Ny.I have a duplex and tennat hasnt paid rent and has brought in illegal tenants to live in. 

@Jason Malabute cap rate is a generic way for investors to see if they have interest in a property and is independent of the buyer as it asuumes a cash transaction.

I've had it go both ways with different banks, but I usually don't like illegal units so it's not something I've encountered often.The value for refinance purposes will be determined by an appraisal, which will use three methods - the sales comparison method, the income method, and the replacement value method.

Also looking for business/transactional lawyers to discuss STR Business entity selection and to discuss the legal decisions and implications surrounding my non married partner and I buying this land together.Last but not least, looking to connect with other investors/groups/masterminds especially in the STR and multi family space to exchange ideas!

Unless in your area the property gets reassessed upon sale/transaction?

Hence, most REO sales involve cash transactions.

Personally, I like home warranties for a personal home purchase, but only if they are part of the transaction being paid by the seller. 

Definitely doesn’t have to be a one deal transaction! 

Metron meters (once configured) with our rent manager (property management software), are pretty easy to use, integrated well, automated readings and one click posting on the resident transactions.