Bought a few deals in Wisconsin, and I used some of the recs previously mentioned here. 

Once I get the seller to sign purchase agreement, do I take that to the title company or wait until I find a buyer to sign the assignment contract and just take both at the same time?

Any money you put into the rehab can't be included into the purchase price.If you are expecting a decent equity bump then you will need to wait for a 6 month seasoning.

If you want to cash out because there is lien on the property you have to wait for 6 month.

Thanks for the mention, @Dmitriy Fomichenko@Delshon Chestnut - with the size of NYC, the concept of "local" is somewhat fuzzy.

If you decide to sell it, don't wait very long and get that profit money in your pocket. 

I’m not having much success with 170+ day listings, these owners are determined to wait u til the market goes back up to sell rather than sell for cash today.

OK, offer him $5k more to wait a month. 

I noticed in above posts, you keep mentioning cashflow.

Like I mentioned, I’m blessed to live in Northern California and bought my home at the low point in the market.