and you need to be ready for rough turnovers - potentially spending a couple thousand dollars every time a tenant leaves. 

Don't leave out scoping the sewer lines.

I have been receiving wrong accommodations and prices because because their personal life background, they were incapable of screening me nonetheless I had good credit and clear profile, they were just discriminating on the basis of their scarce preparation to human situation and so by their presuppositions, that's probably also illegal.You cannot say landlords are to be forgiven because they are doing a needed service, instead it's for that very reason they have to admit their fault and change their way of behave: if a business owner is occupying the market with bad practices and wrong services it's likely they need to leave their place and let others settle in who can operate the business correctly, their even more such of problem if their services is basic, but it's quite absurd it's on me to explain you this.Landlords would have to better understand theirs are affairs on a public market, it's not private or personal matter, and as so they have to behave buy clearly stated rules or face immediate consequences.

The rents must be kept at full market so that a max rent increase may get the marginal tenant to leave.

If you’re not factoring in asset management fees and investor returns when calculating ROI, then what seems like a good investment may not be scalable at all.For anyone looking to scale, start by asking yourself: Can my process generate returns that cover passive investors, management expenses, and still leave me with a worthwhile profit? 

Hopefully they will see you are not screwing around and will leave on their own.I hope you got a great deal on this property, because tenants in place are a liability, not an asset, in the Empire State.Now, who loves NY (besides our many "guests from out of town")?

Each tenant living in a building has their own unique rent amount, so even if they do not leave a notation with the rent payment, I know whom paid the rent based on the amount alone.

OR refi one at 70% and get the 45k loan leaving some debt on the line of credit but keeping home 3 free and clear and adding a lot of value to it as well as getting some really good rental income from it.

I mean, you can leave this here...but you'll get significantly more responses in the other forum.

The cost of construction leaves the rents that you could expect to get at only about 6% of the build out cost which just makes it not worth it.