Is investing in NYC worth the headache?

[Chris Schmitt]

Interested to see if anyone here has experience buying and LTR within NYC.  I have looked all over the country for rental property and finally found some positive cash flow in properties in my own backyard in solid A/B neighborhoods.  My question is - everyone gets scared off of NYC because it is so tenant friendly and you often hear horror stories of being unable to evict people - is the risk worth the reward?  

[Abel Curiel]

Agreed with @Mohammed Rahman, screening tenants effectively will play a huge part in avoiding eviction problems.

@Chris Schmitt, keep in mind, you will have the opportunity to interview tenants after they pass the initial sniff tests - rental application; supporting documents (paystubs, proof of funds, credit report, references, etc); background check.

On the interview, you/your broker will be able pick up on red flags, discrepancies, true motivation for moving, etc.