With 100-year-old properties, it's quite likely we're talking about converted hot water gravity systems and in a place like Jersey City, converted coal burning systems.

I like the city of West View.

I found a City owned property.

In this case, Bank of New York Mellon has owned the property for several years, during which time they have performed maintenance, winterizing, etc. 

I moved to Tampa, Florida but am still renting out my almost paid for house in New York and I'm loving the cash flow!

I'm not sure why they can't at least give you some pics showing the condition and layout of the inside of the unit.When I market my properties, in my ads I show pics of the inside only (no street or address, just city neighborhood), but once I start a dialogue via email with a prospective tenant I give them the address so they can do I drive by. 

Did my research to find out there was no mortgage but had city grass violations fines 7400.

I live in Queens, New York.

As a newer investor, you can take the proceeds of your NOI to reinvest, and continue to grow your operations.But.....If this was the only method there would be no successful RE investors in Los Angeles, San Francisco and New York; which obviously isn't true.

A friend is looking to purchase a vacant lot for around 10k however it has over 150k worth of liens City of NMB code enforcement (the liens   were placed on a bulk of lots since the previous owner never kept up the lots).From what we read in the title report the actual liens pertaining to the property is only around 6k however the "bulk" lien placed on all vacant lots is around 150k.Anyone ever deal with this before?