Thank you @Alex S. and Michael S. your feedback is much appreciated!!

Your's will have to be re calculated and increased accordingly to positively impact your ROI and cap rate.This is where most MHP investors fall far short of the mark.

Thanks for the feedback.

I have never been in New York but everything I have heard is positive about its economy.  

This would be for first lien position obviously. 

You see, over the past year I have invested in 3 very modest but positive cash flowing single family homes in 3 different states.

:/Appreciate the feedback, however!

Julie, thanks for your feedback!

And yes is you buy a junior position the other mortgages senior to you stay in place but the IRS goes away as stated.. its the first in time is first inline ... so say you bought a second TD and there was a first td and a few mechanics liens filed before the 2nd was filed then those stay.. although rare because the second usually wanted title insurance and would not fund with liens in front of it.I loved Trustee or Sherrifs sales when IRS liens were there.. it scared all the newbies away.. and or those that had to back fill with a loan ASAP and could not wait out the 120 days.

Also, most hml lenders require a first lien position which would be occupied by your mortgage lender so that will also be a problem.