Investors thought they could extend their debt, but that doesn't appear to be the case with what has happened to rates.This cycle would have been a disaster if our banking system was in the same situation as 08. 

Once the new tenant takes responsibility, release the original tenant from their obligations.

My book on Turnkey Real Estate Investing - Simple Concepts to Overcome Analysis Paralysis and Acquire Your First Rental Property in 29 Days (this title is a work in progress) should be released before the end of October.

If they are in an upstairs apartment and leak, the damage can extend to the downstairs unit.

What really matters is investing with a competent, experienced sponsor that has survived market cycles, has proven to communicate the good and the bad, and doesn't extend too far out on the risk curve. 

I do see risk of tenants using the ordinance a way to extend their termination date through tieing it up with paperwork.

Look for properties with tenants on MTM leases and extend them if you like. 3.

You can sue to have the lien released.

Management is free to make whatever decisions they think are in their best interest… hopefully that consideration extends down to the LPs, and usually they do.  

I was just visiting extended family in Brooklyn last week and recommended that they get a few family members to invest the down payment with them on a 2BR condo.