You might encounter new room additions, a newer second floor, as well as old steam heating systems still kicking around.  

Update - it took me 2 years to get it done but I ended up buying vacant lot on the intracoastal and about .25 mile from the beach and built elevated house at cost of $90 total sf and $170 heated sf.  

Ready for sheetrock and heating install.

Ally, I think you should take a look at the Queens neighborhoods that are going to be heating up in the next few years.  

If you heat lead paint over 1100 degrees with a heat gun, the vapors can cause your brain to swell.

But I don't think things will get too heated on a global level as lending is still tight, Europe is still in a financial quagmire and China may be slowing down too.

I was without heat.

New 3 ton heat pump for 2.5k installed. 

The winter is a particularly hard time for landlords in Lewiston, ME not only because of the cost of heat but also because tenants (including those with section-8) skip on paying their portions of the rents in order to be able afford presents during the holidays.

Electrical, Plumbing, Heating, condition ExpensesInsurance- 90 (call for a quote)Landscape 30 (if needs to be done)Property Taxes- 150-225Vacancies- 8.3% (lower depends on area) Repairs- 9% or moreCap Ex 10% or morePm- 10% (when mange) Garbage- 50 (if needed)Water/sewer - 90-100 (if needed)Future Return Income increases- 1-2%Property increases- 1-2 % Expense Increase 1-2% Return Goal: 12% COC Return