Also have seen a couple realtors, recently, list houses slightly below market value to make the quick commission, which has a negative impact on the comparables for the short term, which is why I am looking into the lease option approach. 

Of course it would be nice to avoid that traffic altogether, but a comparable property in Brooklyn would be double or even triple in cost so it’s something to think about. 

Annual inspections require condition of property to meet the Housing Authority checklist prior to lease renewal.3.

I see that you live here as well, and I'm happy to have a coffee and compare notes...maybe you know different people.  

I've found that a mix of Section 8 [Housing Authority], disability assistance and as mentioned above working class folks.

For example I have two houses right now that are high equity where a second would be safe compared to the equity position.

The damage deposits were large compared to what an apartment would charge post-college. 

I would rather spend the relatively insignificant (in the grand scheme of things) money on the attorney to tell me I'm good to go, than have things go south a few years in and have regulatory authorities on your case.

I know you will have to work your way through 2-3 levels of customer service before you get to a person with some authority but I would start there.   

Spending 10x on rehab compared to PP would be way too risky for me.