It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years. 

@Alex Stepanov Have you performed any "due process" notifications of the tax debtors? 

They might give them to you before to make sure that you actually perform a physical inspection so that contingency would be removed from the offer.

We've analyzed the City of Detroit's 183 Neighborhoods and have posted hundreds of times here on BP that investors need to understand the Class of the Neighborhood that they are investing in, so their performance expectations will be met.DM us if you'd like to chat more:)

A title or escrow company cannot likely help you since there is no actual transaction happening and we (escrow and title) are only permitted to perform the act of deed prep for transactions, otherwise, it is considered practicing law.Here are a few options to help with the doc prep and recording:https://recordmydocs.com/https://directlegal.com/e-record/http://docstarservices.com/

This either provides opportunities to invest in more real estate, rehab a property(s) or for personal use.You can also sell low performers to do the same.

You can suggest performing background checks, credit assessments, or offering a higher down payment to mitigate risk.### 6.

In that stretch of ocher and asphalt there are multimillion-dollar mansions and also some of the city’s most affordable rental apartments.

You are INVESTING here, that means YOU are the one taking the risks of loss because YOU are the one with something to gain by the investment performing.

By doing so, this unlocks the door for having a cost segregation study performed on your property.