Now... the real cost of real foods went up around 23% over the last 5 years, odd are with global warming and the wacky weather it brings the cost of foods are going to keep going up significantly in the next 40 years and beyond (yeah every one wants to pretend global warming is a myth as island nations are disappearing and New York is building floating real estate today to contend with rising oceans by 2020, and all those folks making a fuss over GMO food are not going to be to high and mighty to eat a mushroom that taste like steak when beef goes up to $25 a lb) so that whole dafy "Lump Sum" thing with retirement accounts don't account for that.

Watch Million Dollar Listing New York!

However, we are seeking to invest outside of New York (too expensive).However, we are not familiar with the CT market.

@Nolan Linebaugh Michigan is NOT as tenant-friendly as California, Washington, New York and many others.We're probably middle of the road at worst.You just have to know the laws & the process to avoid tenants dragging things out.

I am located in Long Island New York where everything is expensive and I am debating the pro's and cons of house hacking a 2 family house or just continuing to rent and purchase out of state rentals.

I am looking into house hacking a 2-4 unit property in the near future, yet since I live in New York City, and it is close to impossible to house-hack where I'm out without some serious funds, would any New York investors particularly recommend investing in upstate New York (Tarrytown, Albany, Saratoga, Hudson, or any other cities) versus investing in Long Island.

We live in New York state.

My spouse and I are excited to begin our journey in real estate investment in New York.

Not even in some of the hottest markets in the world, New York, Tokyo, London, Singapore, the prices have never appreciated in a linear fashion and even in these hot market there have been prolonged downturns affecting both appreciation and rents. 

If I’m not mistaken I rented from one of your properties over there in York PA.