For financing, there are programs like FHA loans for first-time buyers, and there may be local or state-level programs offering incentives for affordable housing investments.

Suggest you do the same (even if they are two page documents).

These are ideal opportunities to offer seller financing. 

So your number of 715k may not be too far off depending on the square footage and also the age of the cabin.For anybody to suggest otherwise without knowing more information on your specific cabin isn't giving you the best advice to be honest. 

Let's of NYC investors look at other cities in NY, Rochester, Buffalo, etc... they can drive to them to see them, and they know the state well enough to feel comfortable.Most of the rust belt cities in NY offer cash flow as well. 

I don't invest right in the city but I do invest south of there so if you end up looking at places there feel free to reach out if I can offer any insight.Jeremy is very correct - zip codes won't give you a good idea of price. 

Spring may be better but I was unable to sell a cheap house in October for 5% off of “market value” and only sold a $600k home in January by listing it for $580k and I still only got one offer. ($150k down, 5 year seller financing.) my point being you may get $20-$40k more in a year if you don’t need to sell. 

I would offer them cash for keys, or contact your attorney and start the eviction process if they decline.

If you allow this to continue, they will only get worse over time, and your losses will increase.I suggest you hire an attorney.

@Greg Weik as a local Denver investor I would strongly disagree with a couple of your opinions offered to @Melissa D..