Rochester New York Rental Properties

[Timothy Stolyaroff]

Hello everyone,

I have never bought a house or a rental, but I have started doing research and looking into what I would want. I just started my corporate career making an average salary. Looking to buy a cheap property to start my path to financial freedom via supplemental income. I came across Rochester, NY as a place with cheap houses, I am from Portland, OR. I was looking at houses at around $50,000. I figured I could hire a property management group to run the rental. My question is this, is this feasible/worth it? Looking at putting down 20% with a 15 or 30 year fixed mortgage. Would be in on this with a buddy probably so money is not super tight.