Investor's who had success with condo's are often at a very low price points, say below 50k or below 30k.From a strictly financial point of view you are probably better off to sell it and invest the money in a better vehicle.

Only one vehicle left in the driveway that had been plowed in.Makes me think everyone works and not section 8 housing. 

I'm looking to use lease options as an investment vehicle in New York (Long Island Area).

Kind of hard giving you any advice with out looking at the plans.But the first thought I had was "fire access" you may need to have one based on the distance your new construction will be from a fire vehicle.

@Jordan Redar unmowed lawns, piles of newspapers, mail hanging out of mailbox, signs of neglect and deferred maintenancelegal notices on the doors like sheriff sale, tax sale, code violationsunlicensed vehicles in driveway and yardtrash, junk, hoardingthe worst house on the streetblue tarp on roof (any color)broken windows especially in winterunshoveled snowovergrown trees and shrubs

I know what vehicles should and should not be there, ect.

Then you could refinance and cash out some of it and still B&H the property.End result: Mortgage free livingPossible chunk of cash from refinance/cash outRetained equity in property to collatolarize using a blanket note or similar financing vehicle in order to get into another B&H Income Property with potential to increase rents.This along with a few other strategies is what I am currently using to build my empire.Best of luck to ya

After reading multiple books by Eric Tyson and "Rich Dad, Poor Dad" by Robert Kiyosaki I have come to realize that real estate is the market and investment vehicle for me.

The other thing I pre-screen for is number of cars because in my area well there are vehicle hoarders.. 

The neighbor has been parking their vehicle in the driveway.