Let them sleep with the golden plunger.Good luckPaul

Since I didn't sleep much at all last night with this on muy mind, I think after a good night's collapse tonight I'll feel better tomorrow.

I can sleep a little bit better now :) Thanks Rob K again for clarifying.

That is where I may find tenants paying 1.5x PITI while owner occupying, but some of those areas, such as college rentals, I would not enjoy living in.So after running the numbers and sleeping on this purchase here is the bottom line.After minor rehab $1.5k I could raise rents to 650 & 700 a month and live in the third unit.

Runaway, disturbance, harrassment, civil matter.It's a street full of these duplexes.

I can't even sleep at night thinking about this makes me sick.

I prefer a detailed accounting of all the expenses-yes its a lil more work but I would sleep better.

Don't ever try to end the lease early, a New Yorker tenant will not leave early to find another high rent apartment, he will take it personal and start a war with more whining, late rent, 311 complaints, department of building complaints, and since he knows that you don't want him anymore, that tenant will ensure you don't sleep good at night.I have been a landlord in the NYC for 3 years and a property manager for 6 years, I know how tenants think here.

:sleep: http://www.biggerpockets.com/forums/87/topics/52706-competing-against-the-big-boys I gave the answer towards the end of the page.

As a percent of the rehab costs, how much cushion do you think you need to be able to ensure a profit and also be able to sleep at night?