This is because the entry cost is generally much less than property in NYC.

And they ALL effect underwriting as well. 

They might allow for a no seasoning rate and term refinance, but that would have you bringing your closing costs and and lender fees to the table.

You can in fact use the rents to qualify to help get a higher purchase price approved.You are smart to be cautious because it will cost you money to start the mortgage process, pay for an appraisal, inspection etc.

They denied smoking in the house and do not want to pay the cost of the remediation.  

This is n spite of it costing much more than that to add an ADU. 

They CAN foreclose if you stop making payments, It Costs a little more ($1500) to do a Wrap because a mortgage has to be created You become the owner in either situation In a Subject To you send the payment to the lender (servicer) In a Wrap, you send the payment to the lender (servicer) AND you send a payment to the seller.

As the price on a 2000 SF house goes from $200k to $600k, there goes your SF $$cost from $100 SF to $300SF.....

Not my first rodeo, but Matt's advice helped me negotiate with the seller much more effectively.

Hi Lisa, As an investor, I have worked with all types of realtors, but for investment property I would say that you have to have an experienced realtor in investment properties or you have to have enough experience for the deal to work with.Experienced Realtor will help you with the contract (which in many cases are not simple), but most importantly with spotting issues in the property that could cost you thousands.Your concern is valid so it is important to sign a Buyer Representation Agreement, in which case the realtor has to work for you over his/her own interest (or you can sue him).The idea is not to sue them, but to make sure you trust them enough to work with them.