Or will i need to have $35k + reserves of my own money to make this happen?

Curious if anyone has utilizied this or anything similar and to what success? 

While this suggests that inflation is proving stickier than anticipated, it remains well below the peaks seen in 2022 and 2023.

This can be a very good move if you have plenty of equity tied up in your house. 

Let's reinvigorate this thread.

You also need the operating cash to do rehab.I say this because you mention FHA and low money.

Would be curious to know what the exact details of this lawsuit are?

Thank you for expanding on this.  

By doing this, not only are you increasing the value hopefully building you some equity (giving you some boost in your net worth) but also increase rental potential too. 

I’d appreciate hearing from anyone with experience in this area, particularly if you know of any process to decontrol rent-controlled units when they become vacant.Also, I’m seeking recommendations for an attorney with expertise in rent control, tenant law, or real estate in NYC.