This is the attitude, (and predicament), that I've created for myself by being far too complacent with my rental.

Just wanted some more professional opinions, I'm only 24 and feel like it's better to do this kind of thing young, but would hate to get myself in a predicament.

Moral of story here is month to month leases give the landlord the much needed power to adjust the property for rent increases and lease non-renewal.This renter's lease is valid, can be transferred to new owner, you can ask him and negoiate a lease buyout,, would be in his favor.

We have a property management company that manages multiple buildings and this was just a way to boost moral with the change.

But I'm not here to rehash the morals of equality of support.BUT.... for my buildings in A and B areas in Brooklyn, just like in 9/11....

It's a deep moral question of mine, hence why I came to all my friends here on BP.

This question seems to be more about morals so let me help push you in the right direction.

While it’s not impossible for an investor to find themselves in a similar predicament today, that doesn’t mean all debt is bad, and it would be unlikely as a lot of things have changed since 1988.

One of legality and one of morality. 

@Martin Morales well said, thanks for your response!