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. 

I've heard you don't have to register where the propertyAny advice would be extremely helpful, keeping in mind that it might be best just to consult a tax attorney.Thank you!

I've heard you don't have to register where the propertyAny advice would be extremely helpful, keeping in mind that it might be best just to consult a tax attorney.Thank you!

I've heard you don't have to register where the propertyAny advice would be extremely helpful, keeping in mind that it might be best just to consult a tax attorney.Thank you!

They were extremely frugal besides.

If I were you I would find another avenue to fund it and preserve your reputation as an honest investor.