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] ".

We are building apartments for short and long term rentals and for condos for resell in Dominican Republic.

Options you might think through would be appreciation - is your area / property  appreciating to where it might make sense to hold onto the property for it to build value.  

I love BP and can't get enough of this real estate game : ) Preferably no more "apartment fire" calls at 7pm at night though ; ) 

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.

 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. 

I’m eager to learn first hand the wholesale process - finding properties, building a buyers list, ins and outs of contracts and networking with agents, flippers and investors.

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.

The best way to get started here (or anywhere) is to start by purchasing your own primary home because it's easier to qualify for the loan and it gives you a chance to build equity and you can purchase more house with a lower down payment.

However would there be any advantages to keeping it open as a part of my real estate ventures.