Investing in Rochester Area

[Account Closed]

Hi,

I'm interested in buying a rental property somewhere in Rochester area. So far I have identified several interesting properties that are within 1-2 miles from RIT. 

I would appreciate the advice of someone who lives in Rochester or is familiar with the Rochester area. 

I actually live in SF bay area and so the properties will have to be managed through PM. My interest in Rochester is mainly due to the potential cash flow. Properties in the bay area are appreciating well, but are unlikely to generate positive cash flow. 

I'll be flying out to Rochester in a couple of weeks to view several properties. This would be my first rental property out of state. Can someone advise me on whether my plan sounds reasonable. Specifically, what do you think about buying a rental property in the RIT area. Do you think it will be feasible to manage the property (through PM) while living out of state?

[Mark Updegraff]

Sibley Track and surround is also super viable.  If you're ruling out streets like W High Terrace, Elmdorf, Aldine, Melrose, Aberdeen, etc you're foolish.  Maybe the problem is in the marketing side of things?  Many small time land lords just don't have the resources to dedicate to get proper tenants.  Also, they get spoofed during off season markets and freak out.  This is Rochester people.  Weather drives markets!!