Even though you'd be getting into the deal with $0 down, you should still have enough cash (or availability to access cash) to cover the worst case scenario of a tenant who immediately stops paying after you close on the property and requires you to complete an eviction action against them.To your second question, I'm sure you've heard it before, but the 4 main ways you make money in real estate are cash flow, appreciation, debt paydown, and tax benefits/depreciation. 

Any sort of surface damage: holes in drywall, carpet stains, damaged blinds, etc. 10. 

Because of how upset you are, I assume you have some sort of relation to them. 

In the spirit of bringing this situation to light in order to help all investors learn from situations like this, I would like to invite anyone who has been victimized by this sort of situation to be a guest on the podcast in order to share their story. 

Creating an LLC in NY is a hassle - all sorts of nonsense about publishing in newspapers for 6 weeks, etc.I tried to research what it would take to own and operate a rental property in NY with a different state LLC. 

Is there an umbrella policy of some sort that would work?

Just a follow up question if you were to take Brownsville an divide it in four ways what parts would you say are the best parts of town and which parts are the worst? 

I could explore a remodel / bridge loan of some sort, but not sure what my options are.

.- What sort of turnover can we expect?

These are apartments they are living are the worst in the city.