Use this to your advantage to buy when it is way down and ride the wave up, cash flowing all the way.

It's like surfing - it's an amazing once you're out there, but you have to get past the breaking waves first

Elliott here - I'm a mathematician living in Silicon Valley who is obsessed with fixing property management.  

I need to be better at my bookkeeping and thought I was going to buy Quicken for real estate investors but came across Wave.

Loss mitigation remedies that are often wave 1 and wave 2 type things can also have deferred interest that linger.  

In a competitive market, the vendor is just going to wave you off and move on to one of her backup offers.

If they haven't mentioned anything to you yet, bring over a window unit and say you had an extra that you are letting them borrow during the heat wave.

@Jon Klaus@William Price@Mark Elliott@George Allen@Judy P.

My issue with the disclosure it that it appear I have to give them something separate from the lease and have them sign it separately—doing so feels like I am almost waving a big flag saying “check for sex offenders!”

I would go with @Mark Elliott suggestion the costs as shown make sense to go with a tank system...I mean the capital investment is lower and the energy use is 3 times lowerGreat idea of taking the 2 family and changing it into a 4...what area of nyc is this in if you don't mind me asking