Perform thorough due diligence on the duplexes, including inspections, title searches, and reviewing rental histories and financial statements.

You need to perform extreme due diligence before investing in Rent Stabilized properties in Brooklyn, NY ( NYC & NYS).

Out of curiosity, do you have any investments in Tulum Mike, if so how are they performing? 

What I also advocate is to go into the unit yourself and put your hand by the windows to see if it is drafty, etc and perform similar evaluations where heat could be leaking. 

For illustration purposes, someone can have three investment properties that perform well and a fourth that does not.

Since he has moved in, there has been a myriad of sports cars and expensive motorcycles that have adorned the driveway.

Just like they project sports teams on how many wins they will get each year.

For example, I have several clients who plan to put in sweat equity into their investment but the property itself must be in a certain condition to obtain FHA or Conventional financing, so you could always get a property under contract then perform the appraisal.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

A few companies that will lend are 21st Mortgage, Performance Equity Partners, Inc., and a few others.