Property taxes are shockingly low in most areas of NYC (despite common belief), vacancy rates are also extremely low (I've averaged 100% occupancy across multiple properties in 5 years without even trying hard). 

I show up and he is shocked beyond belief.

I think we can ask ourselves if new things we learn make sense within our existing beliefs. 

It seems like purchasing a small multi family in a less expensive market in conjunction with one in San Diego might be a good deal- get cash flow from the out of state to contribute to the high San Diego mortgage payments.My own belief is that newbies should not be looking OOS. 

We know it could unlock our ability to buy a lot more properties, a lot sooner, and with greater ease, because we could completely avoid the limitations and lending criteria of banks.But we also tend to believe that Seller Financing is rare and hard to find (especially in a competitive Seller’s market), or that it’s difficult to negotiate even if you can find it.That may just be a limiting belief, however.

In short I had a lot of limited beliefs and a very tall very thick wall around me.I investigated Gino through emails, post like yours and even taking a ride up to his restaurant about an hour north of the city.

It is my belief PMI on FHA is for 11 years on recent loans (not based on equity) that were initially 90% LTV or lower.

Your grandfather is your predecessor in interest and your right to the property builds on hisYour third claim is that you have an equitable (financial) interest in the property because, you and your grandfather before you, have maintained the property and paid the property taxes under the belief you owned it.

This is a common belief, that we struggled with when we first started!

It is my firm belief that the sooner you accept this fact, and come to terms with it, the sooner you have an actual chance of becoming successful.If your born skill is to drive for dollars, and you are SICK behind a steering wheel, and you decide to do door knocking, you will FOR EVER be struggling, no matter how good you are at knocking on that door.