That landlords can absorb the loss... 

Properties are much more affordable when you're about an hour outside the city, and with all the public transportation like the LIRR and MTA, its feasible to do the commute if you work in the city like I do. 

Do you believe that to be feasible in your market?

Douglas,It sounds like, at the time of loss, this property was vacant.

Checks should start arriving by tomorrow.One request for deferment, will only consider with (proof of employment loss, savings,IRA,checking statements)

Is it normal for the seller of a multi-family property (5 units) to ask me, an investor inquiring about their property, for a Proof of Funds or Pre-approval letter when I am just asking questions like to see the rent roll, losses and profits for the last 3 years and other relevant info to do my due diligence? 

Account Closed ROI is your Return On Interest, so it tells you how well your money is performing, or more specifically, measures the gain or loss generated on an investment relative to the amount of money invested.

People tend to be a little more tight-lipped on their losses. 

Depending on if you qualify as an “Active Real Estate Professional” or a material participant (both are defined by bunch of irs rules so don’t read too much into the labels), you can bring all or up to $25k (starts lashing out at $100k modified AGI) of losses onto your 1040.

seeing how we probably wont go to court until June,  he will owe $9900 in past due rent NOT including late fees. is there a way to collect or report him to the credit agency or do we just take our lumps and call it a loss?