If your product is nice, I believe you'll attract the right kind of renter (factory worker, lineman, etc). 

So at a glance (quick), this seems to be interior products and finishes?

I have a few questions and points, which I'll ask below, but this is definitely a question for a NYC based real estate attorney who is educated and experienced with both evictions and rent stabilization.

I hope things have stabilized since then.

Diversifying your portfolio can provide stability and growth potential, especially if you explore different types of properties or geographic locations.

its funny how this changes with time and the market on BP  if you asked this question 5 to 7 years ago you get drowned out with the cash flow is the ONLY thing and appreciation is for gamblers my self I have always been about making appreciation games in RE.. by either value add building a new product or buying foreclosure and flipping or lending money and getting instant 12% plus returns . 

WE DO IT NONE-DSCR Investment Property Loan ( Use As-IS LTV) - Max of 75% Leverage, None Leases needed, No Tenants Needed,  We have an Amazing Products and Excellent Team that has been funding loan for long long time.

As I addressed in another discussion, most money in real estate is made by long term appreciation and by improving, repositioning, and stabilizing the property, NOT thru purchasing at a discounted price.  

We tend to stay just below our competition with a superior product.  

I left my job earlier this month with the intent of retiring -- not so sure how that's working out as now I'm interviewing as I feel like I'm not being productive (this is an entirely different beast).