I guess in all fairness, the OP said monthly rent is equal to 2% of the purchase price... not cost basis.

Well, as always, local laws need to be followed, so it is good you and the OP are familiar with NY rules.

I meant to tag the OP.

@Wayne Brooks in addition the guru tactic of changing vesting to trust is an alienation of title as well.but its the law of averages.. most notes wont get called no matter what.. but this scheme is just so dangerous for sellers.. most have no clue as to what will bite them down the line.they gave up title.loan does not get paid.credit trashed there are those that did this as preditors ( not insinuating the OP is doing this just a commentary) they get in title rip the rents know the state they are doing this in has a very long foreclosure process years in some instances.. and seller is screwed fico wise and the guy in title just keeps ripping rent..

Hopefully it's helpful: https://reolink.com/solutions-for-wireless-securit...I also found this forum where a bunch of people recommend different cameras to the OP: https://community.spiceworks.com/topic/1961412-i-need-some-security-cameras-in-a-location-with-no-internet

It’s an indication they may intend on screwing you.The OP has an avenue for bonding off the lien, as in most states.

I guess I misunderstood your OP then.  

To the OP, yes, 30 year loans on residential (1-4) units are very common.

That being said, it could be that the majority that get disputed may be grossly under appraised unlike OP's situation.

Would OP be willing to post the #'s of the deal?