But that was some time ago as we pay cash now.a local pastor we befriended has in fact has done that in the Buffalo area where homes are dirt cheap.

Looking to buy in the Buffalo Grove, IL or Lake Zurich, IL area (60089 and 60047).

I've seen some areas around Buffalo where properties lost almost half their value over 20+ years. 

I currently am an owner of two duplexes in Buffalo; one I live in and rent out half (owned 2.5 years) and the other I formed a partnership (LLC) with and recently started renting (3 months ago). 

Not only is he from Buffalo like me =) but sounds like a great way to handle it. 

But now they're expanding these laws to include upstate (Albany, Buffalo, Rochester, etc.), as if upstate NY cities didn't already have enough economic issues.From the NY Post:"The current rules allowed landlords to increase rents by 6% a year to pay for major building-wide improvements or unit rehabs.

For example, I started in the Buffalo market because of the low prices and high cashflow potential, but soon realized that came with old houses, lots of renovations, lower long-term appreciation and a terrible leftover tenant.

American Buffalo: In Search of a Lost Icon by Steven Rinella.

I probably should've never wasted time on the war zones earlier in my career, though I'm not complaining(see: Hudson, Buffalo, and Troy, NY.)

I work at the VA hospital in Buffalo and at the time the union forced them to do a locality pay study and found that we were one of the lowest paid nurses in the area so they bumped the pay up quite a bit.