The MFH market can be quite competitive out that way with the high demand from housing brought on by students.

I’m just thinking the other alternative would be to find someone to rent a room or two through hotpads/craigslist that is a sane professional and purchase a house in an area that is in at least modest demand.

Termite repairs can takes hours or days at the most to repair, if I was your agent I would recommend you demand they are completed prior to closing (your mortgage company may also require it).

I've wholesaled deals like this that I could negotiate and make a spread as there is a high demand for these properties in my area.

Will there be sufficient demand from renters if you buy a house there that fits your criteria?

I have created a "Rend Demand" electronically through the NYC court systems but I will have to hire someone (friend or family member for free) to server her.Should I do this then hire a lawyer or should I just hire a lawyer and let them handle everything?

It's in a good area, the rent demand is good with promising comparables, and my purchase price less improvements is around 75% of ARV (which I'm happy with as I will be buying and holding).

No matter what company you work for, whether it is big business or your own, there is always a demand for people that know that side of the business. knowing about business and finance will help you more in Real Estate than you may think.

What you have here is two separate tenants, at their own expense, installing washers and dryers.That is a pretty damn strong market signal that units of the sort they are renting should include a washer and dryer.Install a coin-op in a place where the market is signaling a demand for in-unit washer/dryers, and you are deliberately bringing your property down-market.That is not the direction most landlords typically want to move.

If so, what kind of housing demand is there?