Metropolis has a rent stabilization policy. 

You better also check your insurance policy.

Any money you'd be paying into a policy would most likely be better off put into a retirement account.

@Timothy Peck I actually have in my policy & procedure manual, that we never rent to employees, nor will we hire a spouses company to do work; lawns, painting etc....

From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

That is the truth if it where not for political policies & greed.

Loan Characteristic Purchase: Retail Purchase: Wholesale Rate/Term Refinance 2-Unit Properties Condo/Co-op/Attached 1-Unit > $417,000 Stable Markets Min FICO/Max (C)LTV 720/97 620/95 620/95 620/95 680/95 620/90 720/90 Enhanced Policy Min FICO/Max (C)LTV 700/95 700/95 700/95 700/90 700/85 720/85 Standard Policy Min FICO/Max (C)LTV 720/90 720/90 720/90 720/90 720/85 720/85 Declining Markets

I'll probably get a heavy short-term policy and put the property into an LLC.

Dec. 2 (Bloomberg) -- Homebuyers seeking to take advantage of a government mortgage-guarantee program will have to put up more cash in some situations as officials look for ways to shore up finances at the Federal Housing Administration. “Down payment is one of the elements we’re looking at,†Housing and Urban Development Secretary Shaun Donovan told reporters today after a congressional hearing in Washington. “A second is the upcoming mortgage insurance premium and then other cash that needs to be brought to the table.†The FHA is also considering cutting the amount of home seller concessions a buyer can receive by half to 3 percent of the purchase price to combat inflated appraised values, Donovan told the House Financial Services Committee.

Unfortunately the additional cost of insurance vs. what I expected it to be is killing my returns and I'm not sure I can move forward unless I find a reputable fire insurance policy for $600-$800.Has anyone else ever had this problem with insurance coming in way higher than expected and have any ideas for me?