Remove the draconian anti-landlord legislation and I think you could see a return of many landlords and SFR's in particular.  11000 landlords quit Seattle in 2022, this is the number that has not renewed their rental registration.

Quote from @Jay Hinrichs: @Henry Clark"If you were in a new construction syndication and got caught with a 300% increase in Lumber costs due to Trump applying Tariffs to Canada for anti dumping, and then Covid shut down both the logging and Lumber Mill industries in Canada I can understand getting nailed.

Seems like you are anti capitalism.

GFCI protection will also be required and possibly AFCI dependent upon code cycle.Make sure the plumber double checks backflow and anti scald codes.

Most NYC condos aren't "anti-landord" and I don't know any that try to prevent the landlord's ability to rent.

As a reference we have about $50M of AUM so I am not some wingnut anti home ownership person

This advice could get the LL sued as I know of no jurisdiction where it is legal to charge the tenant for normal wear and tear.It is also why there is an anti-LL sentiment and terms like slumlord.Terrible advice because it is illegal, but it is also morally wrong. 

I mean,  I am anti wholesaling (I think it skims equity from owners) but are you really going to lose this deal for a few hundred bucks? 

Needless to say, another added cost and burden, aside from the already anti-landlord legislation that has passed. 

When the California legislature passed tougher anti-crime laws in the 2000s, the legislators knew they wouldn't work (based on Justice Department statistics), but elected officials have to do what the voters want if they want to keep their jobs (assuming the Supreme Court is OK with the legislation).I believe each person is an individual and should be treated as such.