In the mostly low rental areas in NYC but are easy to get to Manhattan or good areas in Brooklyn, Landlords would rather rent short term than to rent to an unqualified tenant and potentially get into a court case, this is ASIDE from making better income on the STRs.That also reduces the supply of available apts.Other issues that has not been addressed but was touched upon when over-consumption was mentioned is that in these rent regulated buildings, there is usually a high demand for services, which will add to a landlord's expense, such as older residents demanding more heating despite conforming to heating laws (BTW, this isn't every landlord...

All the info is out there for public consumption.

No consumption no pay.

Well a partner and I are looking to turn one of his properties into a transitional home to help the alcohol and drug abuse its a 4 bedroom and 1 1/2 bath I have no idea!

(We can debate alcohol as a social lubricant another time and whether or not it really makes me more charming).After a while, I would talk to the same 3-4 people each time and eventually friendships - and later, business partnerships - blossomed.  

If I only had the money back that I spent on alcohol when I was enlIsted and a junIor offIcer!

You probably know this already but just for the sake of anyone reading this thread who doesn't... regarding electrical: that 70A panel will need to be replaced, especially if it's Federal Pacific Electric (FPE) , Zinsco, GTE-Sylvania, Westinghouse, or contains any stab-loc breakers (usually with with red stickers) which fail to trip and are prone to starting fires. 70A is not enough for modern power consumption as it is, 100A is now the minimum per code, or even better upgrade to 150A or even 200A service since you have AC.

PM and I have discussed raising this fixed amount though if the consumption's being exploited as you mentioned. 

I purchased a run down 14 unit apartment building with heroin addicts, a guy physically abusing his girlfriend, an alcoholic, a certifiably insane person, rents in various states of collection all for the low low price of 500K. 

A couple things to consider:The infrastructure was designed to support a specific development (number of parcels, certain square footage and/or water consumption).