Finding cheap deals in this area might not be easy.Quote from @Michele Richard:Thank you for taking the time to reply to my post.

It's easy to complain from the cheap seats, so in go, to the front row! 

If you look through some of the posts on BP, you'll read many stories, specifically of investors from California and NYC buying cheap properties, frequently in the Midwest and South who have lost money.

IF it is skiers are you providing good resources for ski delivery, transportation, tips and tricks for parking, deals on lift tickets, etc.

@Jeff CostaI have an attorney in PA that can review but they are not cheap (but very good)

NY Market is very competitive, so getting a good deal might be worth the investment of being flexible with your preferences or any upgrades needed on the property; cheap houses are houses that need work or problems that need to be fixed. 

Just some food for thought for those who invest in mortgage notes and think buying seconds cheap gets you in the business at a low barrier to entry  - it is cheap until you have to reinstate or payoff a first lien.

So they'll sell it for cheap anyway (not full retail) and then pay the 6% on top of that.

I do not think that we are being “cheap” by any means.

Many of us rode that wave, using cheap financing to expand portfolios.