Hi DanielSounds fabulous, dig into the info in this forum and u will be able to achieve ur goals, the education on here, will help u break down ur strategy to achieve ur goals.Spend some time navigating around this website and u will find ur way to resourcing all u need for where u are at now and where u want to be.I wish u all the best and look forward to seeing u around!

Glad to have you here - there is definitely a TON of info on that stuff so jump in and be sure to use the search bar in the navigation bar to find stuff!

There are 3 tools that I need to have in my toolbox:- Standard PSA (Easy one cuz it's your own capital)- Walking Away- Wholesaling the deal (which I will now call my Options Contract)The Options contract is what I'm trying to navigate correctly.  

Locals can navigate the C-Fs inventory much better than out of staters.

Can you please navigate me if this mission is possible, where to start, how to approach legal and financing issues?

Probably not a great first rehab project, unless you use a well seasoned GC, who has great rapport and track record with city officials and that can navigate the city permit process quickly.

I am still getting used to navigating Bigger Pockets and in my search have been unsuccessful in locating a list of all the contracts needed to complete a LO deal.

If you are able to rehab skillfully to create extra value, or if you can navigate through a short sale, (which is EXTREMELY involved in NYC and requires you to have significant capital) or manage to acquire a tax lien property, etc then of course you can get a cash flowing property.However, I'm not looking to do any of that - I was talking about doing a straight conventional deal ie 20% down mortgage, not a foreclosure or other overly complicated type of deal.Also, to play devil's advocate, if you can use these strategies to convert a property into a cash flowing rental in NYC then imagine what kind of cash flow you could create in a market where the NORMAL sales already cash flow...

Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members!

Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members!