It surprised me by how good it looked. 

I also keep a buffer for labor/material fluctuations and unexpected rehab surprises.

Near-water locations can be great, but definitely cross-check FEMA flood maps and insurance costs so you don’t get surprised.

You will be surprised just how many people in your personal circle are already investing OR looking to invest in New York Real Estate All the best!

Quote from @V.G Jason: Doesn't surprise me, you've always been one of the slowest people on this board.  

Now there have been challenges in my portfolio and with these properties, including two hurricances and 6 insurance claims ( still unsettled), but the upside and surprise growth is a great example of what investing in real estate can do.

A lot of people are surprised that the irs and state takes 40%.

Run your math conservatively and make sure you have extra room for surprises.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Not a surprise, what you are offering is pretty beat up and you are asking top dollar.