Evictions are extremely costly and time consuming in NYC. 

Most of my investor buyers have stopped buying and my Seller investors are concerned that they won't get the price they are looking for.The MLS indicators are fewer home coming on market, Big decreases in house prices are starting to happen as well.The huge indicator is the mortgage origination by lenders is taking a big hit.This is all in the last 3 weeks.

I have been using my time and energy over the last couple months to learn how to find off market deals where it is easier to obtain discounted properties.It is strange times in our world and we will very likely be entering an overdue recession period leading to greater inventory, fewer people looking to buy, more motivated sellers..etc.

Having a license means you're an advocate for the consumer. 

If a local town inspector has a problem with you, you can call the divison of consumer affairs in trenton and they'll help you sort everything out.

Don’t get too hung up on feeling like you need to read everything yet try to continue to consume as much info as you can.

Your $2400 4 bed could easily go empty as belt-tightening consumers/tenants move down to a perfectly fine $1400 3 bed.  

I'm thinking a $250 increase is a reasonable middle ground; however, I came across this statement in my town's code:At the expiration of a lease or at the termination of a lease of a periodic tenant, no landlord may request or receive a percentage increase in rent which is greater than the percentage increase in the consumer price index for the past calendar year prior to the termination of the lease.How exactly can I figure out what's allowable for this rent increase?

@Alina TrigubGreat point , I’ve been driving around and writing address of properties to contact but it is a time consuming job and having a stream of brokers present you good deals may be a better strategy but you do have a great point as well , and your right , patience is key .

On a per-sq-ft basis, an ADU looks expensive since it includes all the expensive-to-build rooms (kitchen, bath) but fewer of the cheap-to-build rooms (bedrooms).