Short answer to the CA house price impact: None.People who wish to reside in CA will continue to consider the cost of living and factor in an ever-rising cost of utilities and scarce resources, water being chief among them. 

After they were gone, and the place cleaned out, took 3 months, roaches totally disappeared, the rental unit and adjoining units.The chief reason we found with these tenants is they leave dirty dishes in the sink, don't wipe off tables after they eat etc.

And one time it hit me while I was in a 1.5 times full time summer schedule of an MBA program, sold a house, bought two houses, had 4 tenants moving and a full time Chief Application Developer job.

Albany is a completely different animal than Buffalo, Syracuse or Rochester.

Evening BP,Has anyone gone through a commercial refinance/purchase in the Syracuse, NY area within the past few months for a multifamily apartment building? 

Syracuse has some incredibly cheap properties right now, I have a friend that has a few anywhere from under $20k to $1.5mil available.

There is an interesting quote from the Chief of Police up in Longmont (I live in Denver too), "For 80% of the calls we receive, people do not need a uniformed officer, they need a neighbor."

I have 4 tenants in 2 properties in Syracuse NY and all but one has not been late.

Goodhue County says they are still waiting on guidance from the Chief Judge at the state.

There are a number of Estate Agencies in the UK who are advertising houses for sale in the Buffalo / Rochester / Syracuse areas of Western New York State.