You make a go of it, but a year later you run out of money. 

Using money from an appreciating asset just to pay your landlord doesn't seem like a good flow of money.

Hello, my name is Kamarye Hodges and I am a broker, I wish to gain insight and experience. Hopefully I could even provide some sort of value to this group and most definitely do business with some of you. I like to bu...

I would rather do this and retain my money then give it to the bank as interest. 

Spending the owner's money, not saying anything, and letting them discover it while reviewing the monthly statement is unprofessional.

You can't really know what to do until you know who actually owns the property and if there are any pending lawsuits. 

And then to get money out of them you have to put money into them..

NYC laws around rentals—especially short- to mid-term—can be tricky, so you’ll want to avoid any compliance headaches.The biggest challenge with this plan is finding a rent-stabilized apartment that makes financial sense and actually gives you breathing room.

Aren't they losing money?

Even if you’re not getting money back on your taxes, you’ll have the peace of mind knowing your return is accurate.