If you can afford it I would look north towards Tompkins and Schuyler counties instead.

They have degrees and interests in different segments of what I think are important facets of the real estate game, one will be graduating with a degree in construction management and the other in accounting.

From there, it's normal DTI/Credit/Cash assessment for the new loan to determine whether you can afford the loan. 

I can afford to have the unit empty, but obviously don't want to do that, and am at a loss around what I should do going forward.

That adds a lot of expense if you can even do it.All this I guess depends on how much risk you want to take or not take or can afford to take.

@Lolo DruffWhen investing in properties, I aim to balance high cash flow with appreciation potential in affordable, stable markets with strong rental demand.

Can you afford to sit on three vacancies and the cost of renovation?

Let me ask you this question, could you pick any of the following walking down the street:Andrew Florance, Carrie Wheeler, Bruce Flatt, Robert Reffkin, David Nunes...Put it this way, if you cannot afford a full-time attorney on your payroll, you do not need to have a complex legal structure. 

Hey Stuart, the mid-market is a pretty hot and affordable.

HOWEVER, it's primary appeal is affordability rather than being a great or cool place to live.