We are seeing no vacancies and rents are going up dramatically in our area (we are not raising any rents right now) because of lack of inventory.

The property is a total rehab value add, my thought was metering separately could boost my NOI which will help my valuation down the road.  

Eventually the neighborhood changed and prices increased dramatically - not saying it happens in all areas - I would say just make sure that the yield makes it worthwhile.

In return, Freddie & Fannie give you a 10-30bps spread discount, which (i) improves your rate, (ii) boosts loan proceeds, and (iii) results in utility savings over the long term.

Do they take into consideration the repairs you are planning to make to that property, since the rent would increase dramatically after that, changing your ratio?

And, I would never recommend that someone use emergency funds for investing.If you truly can boost the ARV significantly via the rehab, you could do a cash out refinance and pay everything back that way.  

Historically, housing has been a crucial driver of the business cycle, with low-interest rates boosting demand for homes and supporting construction jobs and consumer spending.Conversely, rising rates tend to dampen the housing market and lead to a slowdown in economic growth.

I got my PMI removed right before this dip in the market, so I am grateful there, and that helped boost my cash flow $240/month. 

Update units and boost rents, etc.

It fell dramatically and today he cannot even sell it for more than $60k.The contrast between these two real life scenarios is vast.I made more than a Million, Marshall lost money.Even within neighborhoods in NYC you will find different neighborhood economics and desirability, gentrification, etc.The question should be where will Canarsie be in 10 years from now as opposed to the other neighborhoods you can possibly invest in.Will you miss out on the opportunities that other neighborhoods are giving?