I as a resident of NYC for about 50 years AND a Landlord of small buildings (4 Family and below) have a couple of insights in regards to comments made about NYC.FIRST, the article does sight some important issues in regards to regulated apts where the family unit was large and then, over time, reduced to a very small size.

This will speed up your learning curve, greatly reducing your risk and if/when you land those first few deals you will likely be able to partner with them which would almost ensure your success initially.

If you are like me, often working for money severely reduces the amount of time I can spend on the things I am passionate about, which in my case is development of a Christian monastic community.

If there is a way to bill that back to the tenants or significantly reduce that cost, it could be a maybe.

So I can have the money I save sit in a bank earning negative returns or sitting in some duplexes earning a few hundred a month each.

The situation is particularly bad in the city’s Northwest Core (Portland, Russell, Shawnee) and West Core (the remaining west Louisville neighborhoods), where more than half of all families earn 50 percent of the area median income (AMI), which is $71,500 for a family of four.According to the study, Louisville is more than 31,000 units (apartments, houses or other living quarters) short of being able to house all its low-income households.Part of this is due to the section 8 audit.

I was thinking this might be a way to reduce my maintenance exposure or recoup costs by creating a 2nd revenue stream with future tenants since none of the properties are large enough to justify coin operated machines.

I earn money paying off the mortgage, increasing the value of the property by theming and improving the property, building a clientele, getting high rates, etc.I automate and use good process. 

It seems like you would be unnecessarily reducing your profit.

I can't imagine making any more than a small percentage, and very hard earned with completely unnecessary risk.