Transactions and years dont tell the full story, and there are no programs keeping track of the times an honest agent protected a client by steering them away from a wrecked property.

Other than this I would steer clear of NY.

STEER CLEAR!!!!

I like that there's a diverse employment base here between the hospital and plenty of light manufacturing inside a 30 minute commute- NSK Steering Systems, Kaman Composite Structures, Energizer Battery, Mack Moldings. 

My advice, especially for  OOS investors, would be to steer clear of S8.

But it might steer you in the right direction.

Personally, I steer clear of anything lower than a B-, because lower grade properties and areas just cause way too many problems, the appreciation is usually not there, and the cashflow just isn't worth the hassle...if the area is C or lower, I'd be thinking about selling the property...If it's in a higher grade area (B- or higher), then I'd be thinking about doing some sort of value add.However, you haven't provided enough info for us to give you much detailed feedback...For instance, what will the property currently rent for, and what is your current debt service on the property?

Matthew, you may come to find that many people on BP tend to steer clear of properties in D/F class neighborhoods and invest in A/B/C class neighborhoods mostly because of the hassle that tends to follow in these “less than desirable” markets.

I have no motivation to steer you down the wrong road.Not implying what I dump on here as my opinion being comparable to tax code or legal advice from an attorney, but it's free!

Those answers are "noise" and will steer you towards an emotional decision and a bad investment.