And I try to be supportive of anyone that's attempting to build a portfolio.

I know the rules for Owner move in state that: "The existence of a vacant comparable unit in the building which is also suitable for owner-occupancy is a factor demonstrating possible intent tocircumvent the Rent Stabilization Ordinance [RAC Regulation 613.04] ".

 If you need a direct hands-on approach to evaluating deals or lead generation, lets connect and I can help you build out the Perfect System. 

As you hunt for property, if you are on orders and know you will be leaving that market in a few years, then this home purchase could be an awesome way to start building a rental portfolio.

I view the heat as a more significant return than I ever would for the water because it runs me about $1500/month on my buildings.

I’m in the process of switching several of my buildings over to individually metered propane heaters so the tenants will become responsible for their own heat costs and more accountable in their waste of resources.

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To me it looks like the market is still stagnant with the exception of the bottom end STRs - and I mean very bottom end STRs.A lot of new building is finally getting completed as well which is also adding homes on the market.  

You're building equity. 

The complex has 5/6 buildings each with 3-4 units.