Marginal area, fill it up fast, claim low expenses, and sell the upside potential at an over inflated price.Wanting 100k above recent appraisal is ridiculous.

@Adam K Thank you for taking the time to respond and clarify everything.1) That the 50% rule and the 200k suggestion doesn't apply in NYC. 2)That 10% CoC is unrealistic in Brooklyn.3) I do understand real estate is a "get rich slow" play.

It would basically be a case for small claims court correct?

In the future I would like to create an account for collecting rent, one for acquisitions, and one for expenses (maintenance, capex, vacancy)Game plan: Purchase the homes with personal financing, then quit claim the property to the LLC.

Is there a way I could claim the property and buy it for the cost of the tax liens?  

As if court is an easy option for a person who claims to be aggrieved. 

The **** inspector opened every panel, took pictures and claimed violations - - BS.I had just done a full restoration after a fire and had the service totally redone and updated to 200amp. 

Even if they claim it is a turnkey, no inspection is perfect!

Can I still claim homestead exemptions?

Also depending on how long the encroachment has been going on the neighbor could possibly (although unlikely) have a valid claim to the area he has fenced in as part of his property.I would also be wondering how long the seller has known this issue existed and if he knew before you signed your contract.