With the interest rate you have and appreciation you are getting, you will make a ton of money in the long run. 

Such as them claiming that they sent money when they didn’t, or claiming they paid more than they really did, or them saying they owe less than they really do. 

EMD is money he is at risk of losing if he can't close the deal.

Think of home ownership without mortgage burdens as a way of making extra money through rent payments every month.

Put your money where your mouth is. 

This can be particularly appealing if the seller is facing financial difficulties, needs to move quickly (perhaps due to relocation, divorce, or other personal issues), or the property has little to no equity and they can't afford to sell it through traditional means without bringing money to the closing.

Lots of money going to these sticky tenants, strong demand regardless of economy...

The only people making money in NYC are the people that invested years ago or the people that are buying land and building the expensive condominiums on them.

For example, could we partner with a licensed broker who could handle the negotiation and money and we handle all the things related to guest and property care?

Most of the Covid money has now been spent so they don’t have those large deposits they need to loan out.