Buying a Rent-Stabilized Bldg
My parents and I were looking at a 6 family building with 4 rent stabilized tenants, 1 vacant, and the owners apartment. My parents would take the owners place and I would take 2 of the other apts to combine for my own growing family. Pleeeeease don’t go all rent-stabilized crazy on me, but would I be able to take one of the rent stabilized places over to do this? If so, can I pick any of the stabilized units? I suppose I would pick the one paying the least since the higher income from the others is what is making my mortgage manageable. Does it matter which one I decide to ask to move out? Any thoughts on the matter are appreciated. I’m really not looking to be some evil landlord- just want a place for my family and parents to live with a bit of income.
