Incorporating outside of New York (or most other states -- not just picking on NY here) is beyond just fees and taxes but also in varying levels of required bureaucracy,  administrative headaches in managing the entity, privacy issues, required shareholder meetings and records/minutes of those meetings and just business climate which vary by state. 

Villages have been the basic human habitat for thousands of years; it is only when economic factors require it that people choose to live either very remotely from others, or in crowded cities.The other thing that will matter is climate.  

Anyways if it's just between the Tenant and Me, I can take the pain but my latest drama filled episode has now drawn the attention of the Condo Association.My Tenant decided to go knock on the neighbors door, what followed is a grey area but the neighbor called the police got all freaked out my tenant gets arrested for disorderly conduct.

I would prefer a warmer climate so Fort Wayne would be out, But thanks Chris L.

However  the real estate “climate” here is a night and day difference than let’s say Atlanta; there are less opportunities and less investors, but maybe this is one of those few good deals.

Not familiar with your climate and A/C expectations of tenants. 

Taxes: $3000Insurance: $1500Maint: $3636 (assuming 10% gross rents)Prop Mang: $3636 (again assuming 10% gross rents)Lawn & snow: $1200 (assuming $100 per month) we are in a cold weather climate with lots of snowSOOOO....My numbers:225,000 purchase price with 25% down (4.5% interest rate 30 yr) and $2000 closing costsGOI: $34,178Expenses including utilities and prop mang: $21,972NOI: $12,206Cash flow after mortage: $1946Cap rate: 5.43%Cash on cash: 3.34%To me these are lousy numbers and I would never buy the place but it sold in one day!

I'm from California and am looking to invest in rental properties in Ohio. i've heard a lot of good things about returns in Cleveland and Toledo and was wondering if anybody could help me find a realtor and property manager in these areas and what the investment climate was like there.

I ask this question because my two investment properties were built post 2005 in mild climate areas.

I'm not a psychologist and can't help a person with a hoarding disorder, but I would try to protect my property from further damage if I could do that by offering the person an easy out.