ALL of these issues can happen locally as well for sure, but if you learn locally the lessons are generally not as expensive. 

Although it has its issues like all big cities.

Single might not have as much cash flow, but multi family properties create more potential for issues since there are likely multiples of everything (furnaces, hot water heaters etc)-what property class are you looking for.

Most of our tenants are reasonable folks, and the buildings in A and B level communities have mostly routine issues (leaky drains, roofs, etc). 

Or perhaps you are all experiencing similar issues?

I was just wondering if there are any issues that wouldn't allow me to make this deal because it is close to foreclosure.

The issue is the property needs a good bit of work and I dont have the capital to do the repairs, like a roof replacement.

Hi - I have a second / vacation home in upstate New York which had an issue and is under maintenance for almost two months.

The one issue is that you can only purchase real estate "Cash" in general as most lenders won't let IRA's take out loans, but I've seen it done if the deal is right.

But it does make me wonder if we will find any other major issues that I haven't been made aware of because the tenants have lived there for 8 years.