I love all this last minute BS they are pulling.

And thats not including how long it takes.

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

I'm not going to through out names, but there are companies that only take $500 at closing from an agent. 

Congrats on taking action to get this first property under your belt. 

Hi Bethany ,You're taking a smart approach by considering investing in upstate Ny.

For example, you might choose to take a blanket mortgage covering all properties, BUT perhaps the market softens and later you wish to sell a property.

Finding the right properties at the right price takes more effort, and appraisals can be tricky.

This can create a subtle but effective pain point for the landlord—especially if they’re not excited about taking on those responsibilities.

I take 2000 sq ft homes and add bedrooms.