While you are in the Purchase Contract Option period:you can work on getting the SRO/rooming house legal.start working with local non-profits in the city of Newburgh and Orange County who could help you with managing Transitional/Temporary homesnetwork with local government on any community development grants that they have to improve the area where the 3 building parcel is located.The benefit of going the Purchase Contract Option route is that:You get time to legalize the buildingLimit your credit risk if you can't get the property to be legal/permittedYou can improve a down trodden neighborhood in a big way which will further help with gentrification.Installing cameras outside of the building and working with local law enforcement can help with the drug dealers.You can also continue to look for good cash flowing deals that can be financed without having to the work similar to this one.

The lighting, color, transition between rooms, even the slowmo fans 👌🏼 Did you do that yourself?

I acquire these projects in D areas that are transitioning to A/B.

The NJ transit runs to this town from NYC as well. 

Some have the train and others have great access to the NJ transit bus lines.  

I experienced a lot of transition this year.

Business has a lot of potential, but I've been in a lot of transition with moving, and needing to find steady income which has put a damper in putting much time and effort into it.

Atlanta is very spread out as a metro area but, you should have no problems transitioning from New York.  

Have you already completed the work or are you looking to start work then transition into a DSCR loan?

I am in the process of phasing out my personal account/credit cards usage for biz transactions and eventually will transition to only biz accounts and credit cards.