If it's a good asset(meaning primarily good location), you eat the 5.3% cap no problem you own the physical asset.

Common tasks include guiding (for example, blind, severe physical disability), alerting (severe diabetes, seizures), retrieving/operating (pushing buttons, switches, etc).

The original poster's easiest route would be to have the owners of those titles request a lost title from the DMV, and then once the DMV sends them a physical title, have the owners sign them over to him.

It has to be done so it might as well be done on your terms and timing. 

HI @Ananth SubramanianI have not been in your shoes but have read others that have and from what it sounds like getting the judgement is the easy part and physically collecting the $$ from the tenants is the hardest most impossible part.

Physically see the property, don't rely on web pictures, sometimes they are years old and don't show the current state or the entire property. 

However this was a unique parcel given location and physical features ..

Being in NY maybe something to do with physical document transportation?

Many other investors have asked themselves (and others this question) but what I believe it ultimately comes down to is what are your goals (how much money you'd like to make), are you physically able to manage it yourself and do you have the right organization and systems in place to do it on your own. 

With real estate, you’re owning a physical asset that’s less subject to daily fluctuations.