Now of course that doesn't account for the ridiculously excessive money printing that have been occuring.. but many things could change rapidly due to that.

Does that sound excessive?  

So it isn't that they exceeded capacity, but a problem of loosing capacity. https://www.texastribune.org/2...It also isn't really a failure of natural gas or wind turbines as a technology.

  #2 no cost to lease and no vacancy if you keep the current tenant, so that saves you some $ up front.Maybe you can raise the rent some with the current tenant and keep them if they'll renew.Remember if you loose them to update the property, you have the update costs, vacancy costs, and lease fee costs.   

In no way shape or form is it simply saying "well, values and rents go up with time, so this should go up with time, ok, lets loose money now because, well it should turn other way, someday, maybe, possibly, probably, maybe". 

Once covid calms down there will still be boots on the ground networking and being in the area that a concentration of tech jobs will always be an up leg.Tech companies will adjust salaries etc for out of state  living and if they loose their job relocating and uprooting a family gets complicated .

Market value and sales trend in NY are also something to consider are the units being sold based on reasonable comps arms length transaction or are there an excessive amount of cash sales with no appraisal/contingencies.

It's also important to focus on the appraisal and appraisal window...not a lot of folks pay attention to the 6-month comp window and loose out on a prime re-fi window when the best comps fall off the radar.

Like a tenant runs a illegal operation or does things, how can I protect myself, apart from Financial costs, so that I don't loose sleep or protect from other issues which I thought a LLC might offer?

If a lender charges upfront fees, it's not necessarily a red flag, but if they are excessive it definitely is.