The New York market is punishingly tough, and does very little to protect the interests of small >> medium sized landlords.

Talk to people locally about what they're seeing with small to medium multi families.

No additional risk as no new debt is accumulated.COA2 (medium risk): Take out HELOC (or cash our refi) from current rental properties.

Medium sized developer building approximately 50 homes per year.  

I also raise the cost/sqft to $70 which is now a medium-low price/sqft in the area.

You can use it as a medium of exchange. 

Or are you looking to make a "small - medium"($10,000-30,000) amount of cash quickly. 

Not exactly practical for high-volume or even medium-volume house hacking, as Denzel says.

:I would do a 1/2 wall instead of railings, add and paint risers, and glue down vinyl plank with bullnose edges on treads and  vinyl plank on landing.Normally I would agree but those stairs look to be about 36" width on the treads.

If you are looking for a PM for lower to medium priced rental properties I would start with Nimius; they have adjusted to those challanges.