., 5%), you control 100% of the property and benefit from 100% of the appreciation, despite the bank financing the majority of the purchase.What do I mean by that?

Bottom line, the neighbor does not want to relinquish control over the land.

To maintain profitability, it's essential to carry out in-depth market research, closely monitor remodeling expenditures, and do due diligence on prospective properties.Preliminary Advice for First-Time Investors:Become knowledgeable: By reading books, listening to podcasts, using internet tools, and connecting with seasoned investors, you may keep up your real estate investment education.Start modest: Start small and increase your investments gradually as you acquire confidence and expertise.Network: Make connections with other investors, real estate experts, and mentors who can offer advice, encouragement, and insightful perspectives.Make a good plan: Make a thorough investment strategy with precise objectives, deadlines, and exit tactics.

While we are in title you are in control and funds from the exchange account (or anywhere else) can be used to improve the property. 

@Brandon Malone Our insurance company frowns upon any tenant controlled gas in the units.

You can contact HCR (DHCR), the NYS agency that regulates Rent Stabilized and Rent Control apartments in NYS and ask them for a report showing the status of each rent stabilized apartment in the building.

Bottom line, you have to be in control in this business.

I don't find anyone abusing heat or air conditioning and since I provide all utilities including the Internet, I have actually come too appreciate the simplicity and additional control I have.

You're speculating on city projects but you can't control those things.

HOA's take a substantial amount of control away from the owner and the monthly dues will always have a negative impact on your cash-flow.