Know the law, obey the law, treat people honestly and fairly.That will protect you far more than any LLC or insurance policy or attorney.

Hi Everyone,I’m extremely grateful for the BP forums and for everyone’s willingness to share knowledge; what a great place where everyone contributes to others’ success!

@Rick Pozos  One of the most honest and straight forward answers I seen.  

To be honest, I was like that when I bought my rental.

@Scott Wolf - Wow 5/6 almost non responsive - That's sad to be honest. 

My move to Brooklyn has thus been complicated by the battle between paying extremely high monthly (essentially paying someone else's mortgage) or investing my money into owning something that could yield me returns later on down the road.

He was honest with me and said he'd hate to see me go through the process only to get to underwriting part and have the lender deny me because of this.We then looked at options to refinance as an investment property but the rates were too high and overall not worth me refinancing (I currently have a 3.5% rate on a 15 yr fixed mortgage with 12 years left, and about 100k in equity on the property).So my question is, what are my options here?

Honestly it depends on what you want.  

You will be dealing with massive companies, institutional investors, and extremely wealthy families. 

To be honest the majority of the people that live in these areas are nice hard working people that just want to live a nice peaceful life like anyone else.