You're forgetting water/sewer, lawn care, snow removal, and admin/professional costs in your expenses.Does owner pay for trash removal in your market?

For the winter all of the Snow Birds will come.It may be difficult to purchase and existing camp ground as they are such good money makers they are generally kept in family hands.Good luck in your search but might think out of the box a little.

Melonie -I know some municipalities require homeowners to clear sidewalks of snow but they also want you to take care of repairs and maintenance? 

My other 12 properties are in Las Vegas, less than 20 years old, with stucco siding, sloped tile roofs, no grass, no snow, no frost, no state income taxes, very low property taxes, no fences, no tornadoes or hurricanes, etc etc...I MIGHT buy 1-2 water heaters per year, 2-3 appliances (since each house has 6) and an air conditioner every 4-5 years (they all have 2) I don’t spend a dollar on exterior painting, roofs, windows, or doors (except a garage door once).

You're not accounting for management (always include), lawn care, snow removal, admin/professional costs.I definitely like the Hudson Valley over NJ, personally.

Make sure you include water/sewer, lawn care, snow removal, admin/professional fees.

I'm currently negotiating w/ seller to reduce price to between $85k to $90k based on the major rehab costs.Total rehab costs: $31k get it rent-ready.Annual prop taxes: 2,237.72Total rent: Between 1,010 to 1,250 per month for both occupied units, depending on how bad the recession will become later in 2020.Lawn trim, snow removal, gas, electricity, & water: Tenant pays.Property management: I assume 10% of rent, so $101 - $125 a month.NOI per year: $8,670 to  $11,262.Flood insurance: None.Home insurance: $556/year paid outside of escrow.CAP rate: 6.46% to 8.6%.

HOA, lawn maintenance, snow removal?

Call the local water authority and get last year's bills.What about lawn care, snow removal, admin/professional costs?

Suffice it to say that any gas utilization equipment found to produce elevated/unsafe levels of carbon monoxide in flue gas is normally considered sufficient grounds by the gas company to shut-off gas to the property in addition to 'red' tagging gas utilization equipment responsible until such time the condition is addressed and no longer considered a threat to the life and safety of the building occupants.CO Poisoning Goes Virtually Undetected in a Professional Office EnvironmentIt's a cold, sunny Saturday afternoon in February and I've been given a reprieve in the weather thereby allowing me to use an outdoor scissor lift to safely access/observe a flat roof 24-foot above the finish grade (pertaining to the property for which I have been hired to conduct a PCA) without having to contend with rain/snow and below freezing outdoor air temperatures preventing a visual inspection of the roof much less conduct a higher level due diligent assessment of package rooftop units since gloves cannot be worn as they tend to interfere in attempting to access hidden system components such as air filter elements, blower fan motor assemblies, serpentine tube heat exchangers, etc. typically concealed from view in conducting a baseline PCA.