Will need to know density, parking requirements, can the building withstand building on top, lot size, future planning etc…. depending on how well the zoning and platting dept plays with others!

To evaluate Real esteate deals for creative financing, start by identifying seller motivations i.e. financial distress, desire for passive income, do they need a downpayment on their next house, etc  and property factors like equity or existing financing terms.

His point on the revenue perspective is right on. 

Can I contact you I was contemplating on taking the Tom Cruz section 8 course but would like your opinion on section 8 before taking the course thank you  Sure.

Try contacting them on the number listed for tenants or use someone else's phone. 

You may need to seek legal counsel on this.2) Get all the info about your rental property as possible: leases, rent ledgers, tenant contact info, etc.3) Start looking for a new PMC4) Execute your termination notice5) Once transfer is complete, circle back to decide if worth suing them.

I am looking at buying a townhouse in NYC that is currently designated as an SRO with two rent stabilised tenants living on one of the floors and the other floor unit is vacant.

Congrats on your new investment.  

Are they delinquent on their rent?

As others mentioned, you're going to have a very hard time getting a loan when you're currently in default on any kind of mortgage, HML or otherwise.