Should one Invest in Rent Stabilized Building?

Looking to invest in an apartment building in Brooklyn as a live-in/ invest opportunity. Not rich, as a matter of fact, I am a millennial, who has saved every penny and paid my bills on time, so good credit helps as well. Now I just saved up enough to afford to buy an apartment in NYC, and instead of buying an apartment, Looks like I can buy a whole building in Brooklyn and my monthly housing... [more]

Looking to invest in an apartment building in Brooklyn as a live-in/ invest opportunity. Not rich, as a matter of fact, I am a millennial, who has saved every penny and paid my bills on time, so good credit helps as well. Now I just saved up enough to afford to buy an apartment in NYC, and instead of buying an apartment, Looks like I can buy a whole building in Brooklyn and my monthly housing expenses would remain fairly low. Now I see a number of Rent Stabilized and Single Room Occupancy buildings, I have no idea if that's a good purchase in the current regulatory environment. Being a hardcore liberal, I would feel like shit asking folks to leave the building so I can move in, and move my own disabled mother in. In the business case, after paying for for taxes, building maintenance, and mortgage... hardly breaking even due to extremely low rents from tenants, this doesn't even account for any type of renovations. My question -- is it wise to "invest" in a rent stabilized building? [less]