The income stream isn't stable so cell tower lease buyers offer 20 cents on the dollar for the value of the lease and generally do not want to buy the land it sits on unless an ultra cheap price.You said an Urban area.

And some of these apartments are in the ultra safe highly affluent neighborhoods like chelsea, TriBeCa, upper west side. 

@Bob Bowling, I noticed elsewhere that you were boasting that (some of?) 

Most of my clients prefer non-recourse but these are high net worth (millions) to ultra high net worth ( over 25 million ) individuals.It's not about being confident in the purchase or not.

Our property management strategy emphasizes quality listings and being ultra responsive.

I can also be more aggressive on pricing in this ultra-competitive market.  

I would certainly insist on TSP cleaning before painting more than I would insist on primer.As I've stated before in previous posts, I tend to use Behr Ultra in my renovations.

Originally posted by @Ken Latchers:Finding a reliable crew is not easy at all  Depends, an ultra easy method would be to just have a local management company deal with it.

But buying one, fully paying it off and then moving to the next is a very slow and ultra conservative route.

Historically it was a working middle class black neighborhood that boasted large single family homes.