You want to be close to RTP (our economic hub) and the airport (located right by RTP).

It's also one of the farthest locations from the parks.

We plan to stay in the new primary residence for a long time because we love the location, the neighborhood, and the land.

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

We are based in NYC but are considering (as of now) locations outside of NY but within a 300 mile radius. 

It's a 5th wheel located at a campground.

The major pieces of information you are missing include NOI which includes deducting all of your operating expenses from your gross rents sans debt service, market dynamics (what are vacancy rates and asking rents like in the market the building is located in?)

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

Can you give me a little more information about where the property is located? 

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.