Such a ridiculous take, they are selling BTC cause they are overleveraged. 

Quote from @Pat Lulewicz: Have you every considered renegotiating your rates with her because those are ridiculously high across the board. 50% for a renewal is high-way robbery and should probably the first one to go.

Profits aren't somehow ridiculously high, but our average cash on cash return is >23% across the portfolio.  

Ridiculous!

I have been renting in NYC for 4 years and would love my first buy to be a house hack, just not sure how feasible that idea is in the ridiculous NYC market.

It is a very high risk strategy with a ridiculously low success rate for a first time investor. 

This quote above is ridiculous.  

- 10% of rents might come down to 8-9% (6% is ridiculous for all but 20+ unit apartments - unless otherwise offset)- Placement Fee seems reasonable as guessing most students have extra layer of hassle/time with co-signing parents.- Renewal cost you may be able to shave 5-10% off without destroying the incentive.- Maintenance markup of 15% for $3-4k work could get negotiated down to 10%.4) Hybrid: from my exprience:- 80% of Day-to-Day Management is time consuming, but not hard. - The 20% of serious concerns, often legal, who will handle them so they don't get worse?

. $400 is ridiculous for snaking a sewer line.

No matter how ridiculous you feel doing it, force self.