Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. 

If you buy good properties in good locations you can do fine in Buffalo. 

You should be able to take out a small loan using the property as collateral.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

For the numbers it would have been better if I had worked the owner down to 900. 

Hello investors and passionate property owners!

Higher-quality areas attract tenants who are more reliable and tend to take better care of the property.

We worked with a lawyer over there who is a US ex-pat who created and registered a local LLC for us, which owns our properties.

I have property in South Los Angeles, just outside of Inglewood. 

I heard a story today of a condo owner whose entire complex was lost.