not paying a premium actually got a discount on it b/c of the uncertainty in the market...its why we moved...easily would have gone for 10% more in the normal market. 

@James YorkAll my class B duplexes have them.

506(b) is a good way to do it, but you cannot advertise publically. 506 (c) is accredited only.

You don’t want to pay “B+” area prices only to realize after closing that you were on the neighborhood border and your property is actually in a B-/C+.

The good news is that the solution can sometimes be simply installing a radon system under the slab (known as a sub-slab depressurization system or SSDS). you need to understand the conditions of the DEC no further action. when residual contamination remains, usually there are deed or use restricions. you should engage an environmental consultant to assess the risk. lenders will likely require it and may also want insurance policy. converting to self-storage may not help b/c there could be a concern about women of child bearing age being exposed to vapors. what state?  

@Mike Gotti I agree with @Owen B.

(b) getting higher rent later. 

To unlock the equity you are going to need to either (a) sell the property, or (b) get financing through a cash out refinance or home equity loan.Bottomline -- The best way to make money in real estate is to purchase properties below market value.

If you have a relationship with them you can do a 506(B) but if not look at a B.

I know at least how our C/D class renters operate and think ( having had 300 of those) and they get checks and I fear the last thing they are going to do is pay rent if they think there is a moratorium on paying etc.. that is where I see risk right now.But working with tenants through this is just a REALITY and my thought is and us lenders learned the hard way that taking a tough stand with someone who cant pay you anyway is just going to lead to more trouble.the idea that most renters have a 401k they can draw from or a big savings etc again in my experience at least in work force housing this thing dont really exist for many if not most.Lastly one of my bizz partners owns a 150 unit B class in the northwest his manager sent an email and said be prepared for 40% no pays for one to three months.. now with all this bail out I dont think it will be that bad..