.$500 dollar properties can turn out to be environment disasters some can be under orders for demolition etc There is a lot of liability in buying a property with out an expert investigation

Find a property management company - let them know I'm an out of state investor, find out more about the micro environment of particular neighborhoods, etc.

I am familiar with my own environment (Wisconsin) but would like some information on how things are typically managed in New York.My questions:1.

A duplex may be small but learning in a controlled environment is invaluable. 

A Phase 1 Environmental Site Assessment looks at all available records to determine past property use, any record of spills, accidents or action that incurs a long-term potential hazard to health or the environment.

.), and they have several sub-groups that meet up each month in a smaller, more personal environment.

Being prepared and looking for opportunities is the best you can do, even in this relatively-high rate environment.

Part of my work is in fixed income asset management, so I spend a great deal of time fixating on our interest rate environment. 

Michigan's economy isn't great, but remember Southwest Michigan is totally different than the remainder of the state, and the Grand Rapids area is healthier than many.

Probably the most challenging item is not so much the money as the changing regulatory environment (no pun intended).