Some people in NY also want a vacant policy to cover the premise liability (claims not arising out of construction) ie a slip and fall.

Especially since we are heading into the fall and (theoretically) there will be fewer buyers in the market.

And for me, my real estate passions fall right in line with the lifestyle I would like to live.

Just adopt a problem solver mentality and let the chips fall how they may my friend.  

In other words places like Burbank, Bev Hills, Culver City, Santa Monica do not fall under this and do not have this city tax. 

For example, knowing that my market is pretty expensive and most retail buyers need a loan, I tend to target what i call aspirational properties which are properties that fall somewhat between upper middle income and upper income.

Newer furnace/ACEach property can fall on the list to the first criteria it misses; but you can adjust this based on the 'deal' you get on the property.

IMHO traditionally this would be the time to head for the exit and let the fools fall in the pit if you follow the contrarians. 

For example, investors can check the Bureau of Labor Statistics website to see whether the local unemployment rate is decreasing, which could suggest a smaller chance of renters falling behind on their payments.In addition, the National Association of Realtors' website provides quarterly updates on median home-sale prices in many metro areas.

Prices are highest during Jan/Feb and lowest in the fall/winter.