However, you should always do some market research, talk to an attorney, and be knowledgeable about the law in NYC.

Quote from @Tamzen Tocher: Hello everyone,I’ve been interested in getting into real estate and doing lots of education and research.

I have researched the top brokerages in major metropolitan areas, and I'm reaching out to them Via email and phone calls.

When you ask a question like this as your first question, all it tells the community is that you haven't done any research on your own or tried anything for even a second.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

In my research I've found that there are a handful of developers who are spending big money to renovate and rehab the downtown area and that the Scranton School Board is under new leadership, allowing the district to finally exit from its "financial recovery" phase.

It definitely escalates the situation though, so I'd research the process and carefully consider the option before embarking on it...but if you pursue that route you can likely escrow Dec 1 rent and I'm sure that will get some attention. 

https://www.zillow.com/research/october-2024-rent-report-345...It's normal for the market to slow down in winter, especially right around Thanksgiving and Christmas.

It's a whole other thread to get into but do some research on the issues with commercial real estate, Ben Mallah is a recent high-profile additional person to come out publicly on this and who is putting his $ where his mouth is. 

Do NOT use it for your down payment on the new home.You should also do some research to map out when rents will rise enough to cover the current negative cashflow.