Since we invest out of town, certainly more than 100 miles from our personal residence, he and his guidance on the deal (the area of town, the demographics, the rents, the local regulations and what can and cannot be done with a property) cannot be overstated.

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If a politician were to agree to support 40% property taxes on investment property, you'd bet there would be a mass exodus of multifamily investors from the area and suddenly the city council would see apartment housing supply plummet to record lows. 

I always look to fundamentals and in most markets demand continues to outstrip supply.

@Christopher Olsen Make a spreadsheet of the MSA trends over the past 10 years like: vacancy, job growth, population growth, job diversity, supply & demand, taxes. 

I'd be more concerned about rental law and regulations in NY vs. the coronavirus effecting the finger lake region's rental market. 

These cities in Franklin County, PA have less regulations than the city part of Hagerstown and similar returns.

Zillow puts the zips in that price range based on recent sales but there's so much supply on the low end it makes me second guess.  

.), Taxes (Property & Other), Depreciation, Business Mileage, Education & Training, Bank Fees, Employees, and Independent Contractors, Repairs and Maintenance, Insurance, Property Management Fees, Supplies, Utilities (Oil, Gas, Electric, Water, Phone, etc.), Home Office Expenses, Travel Expenses, Snow Removal, Landscaping, Pest Control, etc., HOA Fees, Business Meals (50% deductible), that doesn't stop you from cash flowing growing equity and someday retiring wealthy.

I have had tenants supply a new electronic transfer and destroy the old check if it shows up in the mail when something similar happened.