Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

I am certainly leaning toward house hacking again, and will likely be looking at the end of the summer/early fall.

For simplicity sake, let's assume a 40% expense ratio, giving a net operating income (NOI) of $216K.If we were to buy at their asking price of $2.99 million, we'd be looking at a cash-on-cash return of 7.2%, and that's without factoring in capital expenditures or debt service.I'd say this one has a looong way to fall before it's a deal!

The sky is not falling, but I agree if your carrying costs are high and owners did not budget earnings from last year to cover costs of the first slower months (Jan-May) then they are hurting. 

Jamaica, Queens Village, Ozone Park, other parts of Southeast Queens, East New York, Canarsie, East Flatbush, Flatbush, other parts of Eastern Brooklyn.The areas that fall somewhere in between are: Ridgewood, Maspeth, Woodhaven, Glendale, Richmond Hill, Bushwick, Bed-Stuy, and a few others.I'd be curious to know where you're searching for properties as most of these areas highlighted above are well over the $600K range.

Also did you ask the loan officer why you are falling short? 

I figured those colors would pop from fall, winter, spring and through the summer.  

The duplex was built in 1936 so does fall under the rent control provisions.

RTR does a pretty good job of managing the builder, but truthfully, the 1st half of the process simply falls on the city's shoulders and being that Cape Coral is one of the top markets in the county for new builds per capita they are backlogged.

I fall into their camp (not the smart guy camp, the guy who has nothing to sell!)