Syracuse NY Area-A decent market to invest in?

[Leah McNell]

Hi all! My husband and I are looking to purchase a house in the Syracuse area and rent it out to a long term (non-college) tenant. We are looking in Syracuse because I am from there (currently in the military) and familiar with the area. We are also interested in the surrounding towns/cities of Syracuse. Any advice on potential growing areas in Upstate NY? Also any advice on how to best factor in the yearly tax payment for NY houses while still generating a small cashflow? Long post short, just looking to learn from those who have bought a house in the Syracuse area and see if they have any tips/trick on how to best go about doing so. Thanks!

[Fan Bi]

@Pat Goodyear @Patrick DiDomenico @Mike Alt 

From doing a few hours of research, it looks like you can get a fairly stabilized building at $45,000 a door that has government-backed (subsidized) voucher for $900 a month? Even with flat asset prices and slightly high property taxes, there seems to be plenty of margin for cash flow. What am I missing?