In any case, in addition to the vacancy rate (which I remember being low).

This is also the case in Las Vegas right now.

If that's the case, in the future you might do as @Amy Beth suggested and make it so all tenants are "jointly and severally liable" for the total rent. 

Case in point:I just got a call from one of my lenders telling me that an 11 yr old judgment must be paid before they will fund the refi for my borrower.

Maybe this is the case in Las Vegas, but across the country people are using HML in a variety of ways to finance first deals. 

Appreciation... don’t get me wrong, I get that its tough to invest in NY/NYC because of how cost prohibitive it can be but keep in mind that the NYC unit vs. the other unit will not go up in value by anywhere near the same amount... some areas of the country barely gain value over long periods of time, which is not the case in NYC...

Someone at MDC yesterday, just doing their job, sees that our account is showing as extremely passed due, and didn't get whatever memo stated that water service would not be terminated until after the court case in December was closed. 

There is no bathroom on the second, each floor has a stair case in the middle breaking up the floors into small rooms, and no closets anywhere in the house.

Hi @Joe Vastola, that is usually the case in NYC.  

It took me four months of looking to get my latest deal under contract because there aren't many properties that meet my criteria in my town but when It did come on the market there wasn't much competition and I got it under contract without having to get in a bidding war with 20 other investors as might be the case in bigger markets.