How much will it cost you to get the new loan?

House hacking is a great way to get started in real estate, especially if you are handy, that will be a big help.Buy a 4 plex and rent 3 units and use one for your self.

It may look like you are overpaying on it on paper but if you buy nice product in nice locations you will appreciate and be well occupied at the same time in my experience. 

My worries are that following through with the wrong subdivide while in the county will affect my greater plan of rezoning and developing Parcel (B) after annexation with the town. 

While this is true that NY State is not landlord friendly/2nd behind CA in its laws as being the most tenant friendly, I find it a bit strange agents will often try to talk someone out of property.

It really is crazy and with rates dropping again to under 3.75% for FHA I'm not sure what will happen.

But would like to get some insight and details about that market as I live in the Denver area and will be long-distance investing. 

I am wondering if there are any fellow members that are doing the same thing I am and are willing to share their experiences with me.

They don’t understand that their 580 credit score will severely limit their options6.

Get a lender, enter into contract, close escrow, enjoy your new home. if you have less than 30 days, you would need the seller's cooperation to contact the foreclosing entity to see if they will postpone to give you time to close the deal. it's not guaranteed and the lender is under no obligation to do so but if everyone wins (seller sells, lender gets paid off in full, you get a home), most lenders will provide a small window of time to get it done.