Oh wow, 3k was just the added on Mortgage fee?

My understanding is that whole blocks are vacant.

I do see some ads for Colonial Life that say they take anyone and no medical exam necessary.

I recommend starting with reading "Investing in REITs" by Block. 

I’m planning on adding square footage and several bathrooms.Once the construction is complete the refinance mortgage will be 88% of the future value of the home.

There may be items on the closing disclosure that are added to your basis or immediately expensed on your return.

It is a short walk to the M train with easy access to Brooklyn and Manhattan and 1 block away from express buses to NYC.Each 2 bedroom apartment was renovated in the last 10 years and all are in great condition.

Insurance companies will charge more for you having these added to the pool, (at least the ones who do their due diligence)  You don't want to be caught not listing the playground, then someone gets hurt and the insurance company comes back and states that it was not covered under the policy.It's a great amenity, but may be costly.  

Doesn't matter who manages it, if the asset is in a D class neighborhood it will be riddled with the headaches of that tenant base.

I added the 1st floor bump-out so the rear of the house would align with the 2nd floor bump-out, to make a laundry room.