I visited the city assessor's office a few months back to find out who the owner was, turns out it was still listed under the previous owners name (a neighbor that personally knew).

Fred Trump "lent" the Donald two things1- $58 million in cash, as an inheritance2- His signature as co signer on a loan, when Fred was the largest residential landlord in NYC.So if your dad gives you $58 million ($300 million in today's dollars) and is willing to co sign your loans, and is the largest residential property owner in the largest city in the country, then yes, don't listen to the naysayers, just "present yourself well" and you'll be all set.

But can city prevent this somehow?

Mike there is a great group that covers Springfield and Branson - google springfield branson REIAWe also have MAREI in the Kansas City Market - plus lots of smaller meetup groups across the state.

In the areas I invest in , there are significantly fewer investors compared to the large cities even when you figure out the number of good candidate properties that come on the market.

Latest report from Inman lists top 10 and worst 10 cities for residential investments.

So the city will pick up garbage for Multi-family units.

Not all inspectors deal with the city and understand/qualified for DIHLR requirements, make sure to get inspector that does those.

Doesn't cause trouble for the neighbors, with the city or the police. 

@Phil Bach, Hello, The foreign money from China, England, Russia and Brazil that has been buying up all the high end real estate in major cities around the world has been driving those prices sky high as the investors try to protect assets and launder money.