If you are going to have this asset for a long time it'll be worth the peace of mind knowing its updated. 

They can help you cross-check your estimates.It’s always better to overestimate expenses than to underestimate and face a shortfall later.

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

Others either have a check sent right to them or have another piece of property the get this STAR rebate for.

Please double check this and make sure that wasn’t the amount for the raw land prior to the build.

My agent was a very nice older lady, but no idea about investing, it all worked out and once the first rent checks started coming in started gaining some confidence.

Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs). 

Check out property prices, rental demand, and cash flow in the areas you're considering.

@Tim Swierczek Thanks for the information, I will check it out.

If he bought this property ages ago for $33k and it is only worth $50k now, I just don't think that the juice is going to be worth the squeeze.