Invest in Newburgh, are you Crazy? - I guess I am!

I don't seem to be able to find much or any information on people investing in the City of Newburgh, NY. So I thought I'd mention what worked for me.

So you listen to a pod cast or two (dozen) and they tell you about the numbers, the market, the return on your investment. 

I did that and invested in Newburgh, and so far so good. I made my purchase this year in March. It took me a while to find something where the numbers worked (about $60k for the building). It's a two family duplex. Each apartment has two bedrooms. One apartment rent covers monthly expenses, the other apartment rent goes into the bank. ($1200 per month).  

I purchased it with a tenant so that my expenses in owning the building would be covered from day one. I had enough money to replace the roof and ensured that the boiler was not going to crap out on me or that the walls were not going to fall down. I also needed to spruce up one of the apartments before renting it.