Being close to Lackland, are your tenants military/government employees?   

The the variable I dont now is that 3+ units require Fire suppression, as well as stamped engineered prints in many municipalities, as well as added municipal hook up and impact fees. first you need to research the government fees, and what they will require of you, it is not unreasonable to have $10-20K spent before the first scoop of dirt is dug, Even a SFR where I am building I spent $6K in permits, surveys, and plans, the plans were the cheap part at $1,100

Please provide a link to the law governing such leases in New York.Have a nice day! 

This will be a good indicator of how the local government will value your property. 

Combine that with super affordable property (comparatively speaking), and high rents (often government backed), and you get the perfect REI scenario.

I don't like relying on the government for anything but I believe in the ideas behind section 8. 

Totalitarian state governments are the new norm, it will never stop trying to encroach.

Unless you have government guaranteed rents, C's would not be a good category to be in right now.3.

After he exhausts all the funds including government benefits and savings, or he finds some job in another city, the reality will kick in that he will have to sell.

Good Morning BP Community,As a multi-family apartment owner, I was thinking about how dangerous the government-imposed eviction moratoriums could be to the fundamentals of our business model.