Solid MF properties give you more bang in taxable accounts and short term notes / lending are best for qualified accounts IMO.

If all goes well and the misunderstandings aren't TOO great, we can continue and acquire another, utilizing the BRRRR theory.

After all it is close to NYC and I would get the most bang for my buck !

etc.When doing window wells most inspectors around here just want to see that you're making a real effort to get down to a level at or below the basement slab, and setting river rock etc allows a place to run off/down below there and again not sit and put pressure against the foundation.Long story short, it will depend on your situation and if you have an opportunity to get the water out/away from the foundation in the first place at ground level, but in general I'd definitely be looking at options to do that because its likely going to a much bigger bang for your buck!!!

Any data that backs the theory?

In theory even an accepted offer letter could do the trick (no one will preapprove you until you actually have that offer letter though).

It seems to support the seasonal theory.

That seems to be where the best bang for the buck is currently, or Tremont/ Ohio City is still good if you can find the right property. 

Your goal is to get the most bang for you buck, Google's goal is to take all your bucks : ) 

Gross income - gross expenses = NOINOI - 1st mortgage debt service - the amount you need to make = "magic number""magic number" - debt service on the seller carry = cash flowOver time the seller will make more money by carrying back the second, so you could in theory offer a lower price.