Not surprisingly, housing costs constitute a significant part of the cost burden. 2.

And with rental properties, I think one of the main considerations is controlling your costs so you're not running around trying to make ends meet later on when surprises pop up.If you're only going to have the rental property for 5 or so years before selling and moving on to bigger and better things, it might be a different situation. 

I can't say I'm surprised that California is so terrible, but wow, look at Florida!

So you MUST know what surprises lurk out that that may break your deal.

I'm sure your tenant would LIKE to have that convenience but sounds like too much of a hassle, cost + maintenance on top of that for it to be as viable as it appears.You could always tell the tenant that if she renews the lease at $550mo (which was what you were going to re-rent at anyway), and pays on time, she will receive a $25 discount that month to apply toward laundry expenses.

I've lived in A, B, C, D and I think an F neighborhoods.http://places.findthehome.com/compare/70531-71305-71446/Buffalo-NY-vs-Rochester-NY-vs-Syracuse-NYI'm kind of surprised there isn't more activity on BP from Syracuse investors.

I am really surprised that you are considering so much work for a house that will sell for $115,000.

You'd be surprised at how many don't answer their phones in this business.  8 out of 10 times I call another agent, they don't answer. 4 out of 10, they don't call back... 

The neighborhood contains canals that go straight into the intracoastal (most affordable waterfront living while still convenient to beaches, town center and so on).

They are thrilled to find ANY fully furnished apartment with a lease that coincides with their needs, especially if it is at all conveniently located to where they will be doing their work.