I moved to miami florida to study the economics and help apply it and it was a capital market as well. if you don't live in a capital market like Chicago, New York, Austin Texas, Los Angeles, San Francisco, california or miami florida I'd recommend moving to a market like that too. it will change your life. 

$400 to heat four units in New York in the middle of winter seems pretty reasonable.

Quote from @Adam York: Contact your insurance provider and let them know you intend to rent out the home.

Quote from @Lucy Ahl: Insula Capital group out of New York.

However you can likely make significantly more cash flow (not sure about appreciation) in markets outside of new york. 

And more than 600,000 residents are projected to move to the county in the next 25 years — raising the total to 1.7 million by 2050.Along with Mecklenburg, approximately 79% of the growth in the Charlotte region is expected to occur in the counties of York, S.C., (312,810 to 481,714 people), Union (269,572 to 481,612), and Iredell (212,583 to 335,056 ).A historic jumpIn the last 25 years, more than 962,000 people moved to the Charlotte region.

The cost depends on several factors. location: California or New York versus the Midwest is a huge difference.

I have a family member who owns a condo in New York and does not have a mortgage on the property.

On the other hand, the states with the most significant population declines are New York, Illinois, and California.For Real Estate investors.

Does anyone have any recommendations of first time home buyer grants or down payment assistance programs for New York State?