We’re drawn to relatively affordable areas that may be more resilient to climate change in the long run (though we know nowhere is immune).Buffalo has caught our attention because of the growing investments in the area, which we think could drive future economic growth.

Either you don't know why because you have your head in the sand and haven't paid attention to their communications or they are trying to hide things from you. 

I own the property have no agreement with them, signed no paperwork  and I have the option of running a bulldozer though it if I choose  I have a deed proving ownership.  

Run the numbers using commercial 25% down and Fixed P/I of x.x% with 5 year balloon and 25-year amort. 

Each year, I like to take time to reflect on the prior year and where I’m headed in the current year.

@Van Lam I had a client just run into this recently.  

It will be a run down apartment building before long.

As I am new to this and looking for cashflow using rentals, one key aspect of this investment is to ensure that the unit rents out quickly and while I do understand that cash flow to begin with might not be attractive, it can be a good investment in the long run if the location is right(as appreciation also kicks in).

This just seems crazy - must be new councilmembers running the show. 

You're feeding 2 dogs with one biscuit by taking care of your living expenses and generating rental income at the same time, and by living in the house and keeping it to 4, you generally get exemptions on things that might bother you to live with (IE you can choose whomever you want as your tenants without running afoul of fair housing laws).