The advantage to doing a few lots for a duplex or quad plex at a time would be it’s easier to sell a few in a limited time than 9.

and I think there are several remedies to resolve this - and the developer and the city's business/permitting services both have liability here. 

If I were a voucher holding tenant, I wouldn't limit myself to only looking for homes that say "Section 8 welcome" on their applications.

I just have vacant home insurance along with regular home insurance, but no other professional liability insurance.

From my understanding, insurance won’t cover a dead tree falling as this is a result of “neglect” but would my current dwellings insurance cover it under personal liability?

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.

I have some rentals that go up to $1M in liability.

Hopefully they will see you are not screwing around and will leave on their own.I hope you got a great deal on this property, because tenants in place are a liability, not an asset, in the Empire State.Now, who loves NY (besides our many "guests from out of town")?

The equity increased a ton especially w the limited supply 

Alternatives to ConsiderIf you want to involve an entity for liability protection or other reasons, here are some potential approaches:Assume in Personal Name and Transfer to Entity:Assume the loan in your personal name and later transfer the property title to an entity.Important: Transferring title may violate the loan’s due-on-sale clause unless explicitly allowed by the lender.