Supposedly that helps prevents tenants from trying what your tenant did and I've done that ever since for me and my clients. 

My mom & I started playing that cash flow game from Kiyosaki for awhile and I was looking forward to playing it with other people locally but this pandemic is preventing me from doing just that.Will have to jump on that opportunity when it presents itself in the future!

I ask because NY's Tenant Safe Harbor Act prevents evictions during and after the pandemic due to not paying rent resulting from COVID related "financial hardships".1) "Financial hardships" seems very subjective.2) You can currently still take them to court for a money judgement on owed back rent after COVID, but you can't evict based on lack of payment.

After updating I would then be able to rent the place out for $1200 a month.Again, these are made up numbers, I'm just curious if this idea would work or is there something I am completely missing that would prevent me from doing this?

I had a property with repeated back ups because city sewer was partially clogged and when it rained or there was heavy usage it couldn't keep up, and flowed back into my property.

By considering the question he asked, I must admit there is a sense of the fear of the unknown here that prevents me from considering it whole-heartedly. 

My Debt To Income ratio is currently around 50%, which prevents me from taking out a conventional loan.  

The CDC eviction moratorium is likely unlawful and certainly over reaching in my opinion but I'm wondering how many of you have actually received a valid affidavit preventing you from evicting them for non payment.

After updating I would then be able to rent the place out for $1200 a month.Again, these are made up numbers, I'm just curious if this idea would work or is there something I am completely missing that would prevent me from doing this?

My Debt To Income ratio is currently around 50%, which prevents me from taking out a conventional loan.