Is Cashflow Possible on Long Island, NY

[Matt B.]

I have recently seen some posts from areas around the country asking for advice on cash-flowing areas that get tons of responses pouring in, however anytime I speak with Long Island investors (at meet-ups, etc.) the consensus seems to be that they don’t invest on the island. Is there anyone who actually owns cash-flowing properties on LI (obviously I know people do but everyone tells me they invest out of state)? Have you had the properties for a while? How have taxes changed your strategy? What towns/counties are you finding it? Are you focusing on other strategies beyond buy and hold?