It's a major pain and takes away bargaining power IMO.

Bozeman has got some growing pains going on! 

I feel your pain as CA is very slow as well.

They are a pain in the butt to deal with, but they do end up paying for a lot of repairs on a newly owned SF house with appliances of unknown condition.

However, some recently built buildings may fall into Rent Stabilization due to accepting the Tax Abatement.You will tend to find that buildings under 5 family in NYC will be much more expensive that building over 4 units, mainly because of Rent Stabilization.It's also a pain to manage because of the rules and regulations that you must follow and your interaction with the Division of Housing & Community Renewal (DHCR). 

The first is a pain mgmt specialist who just can't wait to get out of medicine Lol. 

Those terms are nice (and longer) but they're a pain to get and only for the 'cleaner' properties. 

At the properties I'm looking at, that extra leasing fee is painful.  

But sometimes they'd change it to a code that nobody could access: guests would get locked out, we'd get calls at 11PM, and we'd have to cut the lockbox and replace it....a pain in general.

You should focus on having at least 20 to 30% equity in the deal when you buy it so if it isn't for you, you can exit without too much pain.