I say pull the trigger.

@Michael Phillips if you are looking for something in that range anyway and you have the ability to pull the trigger now, it is probably advantageous to do so. 

Most contracts say trigger depth 2" for plowing.

Get familiar with the price points and market rents for the specific areas you might be interested in investing in so when you are ready to pull the trigger you know what is worth buying or not. 

Definitely man, I appreciate all the help, it’s greatly appreciated, and after getting some feedback it’s still seeming like a good opportunity, so as of right now I’m planning on pulling the trigger on it, or one of them.

@Luke Terry I was ready to pull the trigger on investing in Cleveland but with that information, I have to reconsider.

UTC aerospace is the largest employer (near the property I think you may be looking at) so that might be a good way to target tenants if you pull the trigger.

But if you don't pull the proverbial trigger, you are now owed more rent, and will usually have to evict anyways. 

If it triggers a recession and people lose jobs then maybe values would drop but rentals should stay the same or increase. 

I'm doing lots of research on areas outside of NY, but feel like I need to wrap my head around being a long distance landlord a little more before I pull the trigger.