The previous owners could object but they would have to prove something was unlawful about the IRS seizing their land and auctioning it off.

I think this is one of the mostimportant things to focus on because it can help guide you on your path andkeep you on task.Stay the course and do not get distracted by thisweeks shiny object.

I tie most of my dates into the end of the 'due diligence' or 'inspection / objection/ dates- what ever you call it in your part of the country.

No system is perfect, so don't waste your time chasing after the next shiny object.

No system is perfect, so don't waste your time chasing after the next shiny object.

The property underwritten at 2 units also gives 1.6%, passing the 1% test.It seems like this data is objectively telling me house hacking makes this property miserable, and that it's a grand slam rental property, but I feel like I'm missing something here.

@EJ Hyman People invest out of state when their own local market doesn't fit their objectives and goals.

Example- Looking at a deal now where our objective it to pull $100K out when completed.

Shining object syndrome.

If that is the case, then my postulation would be that some of the ultra rich have a fascination with NYC and money is no object to them so they will live where it most glamorous, and since land in NYC is a finite resource, and as the ultra wealthy become more numerous (as a function of overall population) the law of supply and demand kicks in and the prices of those over-the-top properties go up.