There is a master policy for the building. 

For investors looking to purchase a rental, there are only two general options: purchase an older resale home in a C class neighborhood with lower-rated public schools, or purchase new construction in a master-planned HOA neighborhood.

Master key all doors with a locksmith company and also, keep door locks on file with locksmith through a master key system because they can just make you additionals when you need.

Property listed at 265kComps sitting at 220-230s with no studios My mortgage would be at about 1400Studio rents could be 600 each x 2 = 1200I would also plan on renting out two of the rooms in the main house while I live in the master bedroom.

Replaced 24 old, rotted wood windows with new low E vinyl windows, replaced 9 old broken wood exterior doors with new steel security doors w/ master key deadbolt system, added one bedroom w/ lighted closet, and lighted closet to existing bedroom, 2300 SF of new carpet installed, 700 SF of engineered hardwood installed, 3 new water heaters, 2 new exterior electric services, 2 new interior breaker panels, new paint on all walls and trim, 4 new shower surrounds, 4 new countertops, 4 kitchen sinks.

Replaced 24 old, rotted wood windows with new low E vinyl windows, replaced 9 old broken wood exterior doors with new steel security doors w/ master key deadbolt system, added one bedroom w/ lighted closet, and lighted closet to existing bedroom, 2300 SF of new carpet installed, 700 SF of engineered hardwood installed, 3 new water heaters, 2 new exterior electric services, 2 new interior breaker panels, new paint on all walls and trim, 4 new shower surrounds, 4 new countertops, 4 kitchen sinks.

I am living in the master bedroom and renting out the other 4 rooms.

I am living in the master bedroom and renting out the other 4 rooms.

There is no master list that I use for those adjustments.

I know NYC laws arent kind to landlords and favor tenants so I figure if I master that niche I can probably be succesful in my market.