I would send a letter to all units of the building reminding them of the clause in the lease you cited and let it play out from there.

The concern with places like Irvington will be once you move out and no longer owner occupy how do you raise rents legally.   

The acquisition price and scope of renovations aligned perfectly with our strategic goals.

Thank you Tim, Sorry for the late response 

Cash How did you add value to the deal?

Unlike true multifamily, meaning the county or city has the property categorized as multifamily, you can't use potential rental income from the additional units to help you qualify (if the home is single family per the appraisal, that is).

This was purchased in 2011 when it was the buyers market.

This is the super's job - that's what you are paying the HOA fees for.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Cody,If you want to work with a bank or lender to build on a piece of vacant land you will need to be on title of the land for at least 6 months.