The stock market fell like a rock today and this is just the beginning the rents for anyone's tenants are out of control but when the market corrects who will be able to afford such rents, lower the rents the larger the market for quality people.

Look at Watervliet, Cohoes, Green Island (away from the water front) for cheap taxes and affordable homes and (if you’re lucky) Colonie for affordable taxes but a price in the 200’s. 

But that, of course, does little good to other readers five years later.I was hoping to get some more substantial tips or tricks on how to find affordable landlord insurance.

If you can afford it, have every communication go through your lawyer. 

We recently took a chance and decided to invest outside our immediate area in order to secure deals – a potential first flip or affordable rentals with good potential rental income.

The real challenge is getting the building ready for the "conversion kit"....once the envelope is ready, the kits go in pretty quickly and relatively affordable (as low as $7 per rentable square foot assuming you are up over 20,000 square feet).

You can't afford the first place.

Housing at first glance appears expensive, but with a little analysis you find out that housing trades at only 4.5x incomes here making it pretty affordable measured against how much you make. 

So yes you can make money if the house for sale is affordable and you can make the numbers work.

Start smaller than you can afford, you will need financial reserves.