Make sure you have a good plan to heat and cool property.

Take the cost of the home long term add the mortgage, taxes and true repair costs such as upkeep and new roofs , heating and cooling mechanicals etc over the years.

Can you heat that sound?

Schooling in my town is amazing, so there is no issue with that.Transportation to NYC is literally 2 minutes on every corner to the bus, so that isn't an issue.Additionally, I was told that I should stay away from homes with oil tanks for heating because if the oil tank was to leak, the soil would be contaminated and it would cause a big headache and a big whole in my wallet.

Thanks to all who've responded - these are all good thoughts and great advice.The only timeline for completion is that the house is just sitting there and I'm paying taxes on it and will be paying to keep it heated this winter. 

We could examine crime maps and cost per square foot heat maps against typical rent if you would like to become more familiar with this market.Best investing,Donn  

With the market heating up, my deal making also started to slow down.

Depends on budget really but, if you want to be in the heat of the movement, stay north, thats where the money is going. 

Hello I'm Steve plumbing and heating contractor by trade 17 years exp , I do project management , contracting , for flips and rentals .

I have yet to see anything put out by those 3 gurus that is current with the new requirements of seller financing or options, so you can take much of those old ploys in their material and heat hot dogs in a bond fire!