I was planning on checking the box for a 45 day close period on the contract, and in the event I find a buyer start the title and lien search at that point.  

But by email, we agreed to a 3 day inspection period.

In NYC the upside is equity gains over a period of time.  

For personal reasons had to move out, and started renting 02/2012, it's now 3 yr 10 months in rental with 4 month vacancy during this period.1. 

I also specialize in flipping Tax Deed Land Lots, Multiple Choice Offers and Seller Finance Rentals where both the Seller and the new tenants pay me which leaves me with a little cash flow while I wait for the mortgage balance to go down and the property value to go up during the 1 to 3 yr Seller Finance period.

I specialize in Wholesales, flipping Tax Deed Land Lots, Multiple Choice Offers and Seller Finance Rentals where both the Seller and the new Lease Option tenants pay me, leaving me with a little cash flow while I wait for the mortgage balance to go down and the property value to go up during the 1 to 3 yr Seller Finance period.

The analysis I advised would tend to agree and point to flip (shorter holding period) as plan A in hot markets.

Also check your state statutes to see if your within your guidelines with late fees and grace periods.

I specialize in Wholesaling, Flipping Tax Deed Land Lots, Multiple Choice Offers and Seller Finance Rental sandwich deals where both the Seller and the new tenants pay me monthly, leaving me with a little cash flow and a big pay-off at the end of the Seller Finance Period when either the tenants use their option to buy or I refi and sell to a new Buyer.

The investor would get 30% net, rest paid 50/50 until the down payment is repaid then 50/50 thereafter.