all replaced within the past 5 years.

The past two years I have done eight deals which were all profitable.

There aren’t enough homes that have sold in the past 6 months do comps on and none of them are as unique as this one.

I am sure it stipulates that income has been reported to IRS from the past years. 

I'm currently under contract on a smaller, 5-unit commercial office/retail property. 4 of the 5 leases expire in April/May of this year, and one of the contingencies of the sale closing is that 3 of those 4 soon-expiring leases renew for at least one year (I have full negotiating power over those leases).All of those tenants have showed no intention to vacate, and are happy with their current situations.I've seen/read in many places that it is best practice to stagger leases as much as possible in order to avoid the possibility of multiple tenants moving out around the same time, leaving numerous units to be turned over.Would it best for me to try and get 2 of the 4 tenants to renew a two-year lease (which they've done in past) and the other two tenants agree to a one-year or three-year lease (both have been year-to-year in past ).

So it doesn't surprise me that you have rented apartments rented for 2k when it doesn't seem to be enough to cover all the expenses.People have been investing in Hoboken for price appreciation which in the past years have, by far, exceeded cash-flows returns investors made in other places. 

@Jo Zhou One thing I've done in the past is buy a tenant's stuff, then donate it and take the tax deduction. 

Hi @Larry H.This has happened to us a few times in the past year and these are the options that we had. 

I just bought my first duplex and we'll be living in one apt (closest to driveway) and renting out the other apt (furthest from driveway - one has to walk past our apt to get to theirs).

Check online what similar properties have sold for in the past few months.