This post will be shorter than usual, but I’d love your insights.

This is a long term rental, correct?

Hello there, I am from NYC too just joined this forum.I started in queens and highly recommend it, not as expensive as brooklyn or Manhattan, good pool of excellent tenant base, diversity and etc, you name it.Stay away from 6-fams though.

(Don't ask how I buy these)Do you think it is still worth to apply this BLOC from the lender?

Some of you mentioned everyone staying upstairs, but this is actually a walk-out basement which where you would enter the indoor hot tub room and exit to the outdoor pool.

I'm not sure if this is the right place for this. 

Under Section 45L of the Internal Revenue Code (IRC), builders and homeowners can claim tax credits for energy-efficient residential dwellings that are newly constructed or substantially reconstructed.This tax credit was recently extended through 2032 and provides another opportunity for property owners to obtain valuable tax credits.Here are some important things to know.What types of properties qualify for this tax credit?

Hope all of this makes sense.

I second this.

From what you have stated, ARV 125K, lien amount 6k, 42k in repairs with a purchase price of 115k seems way too high of a purchase price, but this depends what you are planning to do with the property.