I plan to self manage, but it's good knowing a middle tier management option between self managed and full property management - without a huge PITA factor :)

Plan to light rehab and raise rent if/when current tenants start leaving.

Being a nice guy, you could give them grace and act in good faith, and let them know that you will give them time to set up assistance, but after the next month, if rent is not paid on time, the eviction process will begin.You also must be careful, bc you get into a legal grey area by being nice and giving people breaks, however if you do not give those same breaks to everyone, you open yourself up to discrimination.I would definitely call that bank and tell them to make it right or they will hear from your attorney.The tenants hardships are not your responsibility.

It's great to hear about your real estate investment journey and your plans to expand in Houston.

Can't wait to see you grow.Are you planning to invest locally in New York, or are you open to invest out-of-state?  

My plan was BRRRR.

It’s very common in today’s environment that not only are deals too tight for an Agency exit today, but the value add business plan was delayed for any reason whether it was a change in management, slower lease up than anticipated, and now the property is trending positively each month towards Proforma numbers, but needs a bit more life, there are ways to get it done!

It has to be done carefully and with good legal advice to avoid a RESPA violation. 

Let folks like us take care of your taxes so you can worry about that other stuff :P 

The proposed plan which got approved is to expand it from 1800 sf to 4235 sf, and initially I speculated that this may cost $300-350k to do and budgeted it accordingly.