In the summer of 2019 NYS passed sweeping changes to landlord/tenant laws making it much more difficult and time consuming to evict tenants. 

But overall, looking to understand the tools and frameworks used to identify healthy rent and rehab marketsIf a market isn’t rehab friendly for out of staters, can you make it so?

My wife and I personally renovated (with some contractor help) the 3500 sqft building, gutting kitchens, baths, adding bedrooms, bathrooms, painting, flooring.We did all this while:- Working 40-50 hours at our day job- Going to school full time at a business college with 15 credit hours a semester- Having a healthy marriage- Volunteering with our churchIf we can do it, anyone can!

So, keep a healthy reserve and wait for a good deal. 

I'm old enough to remember the auto manufacturers claiming adding seat belts to cars and engineering cars to burn unleaded gas would lead to out of control price increases to the consumer costs and the end of the auto industry. 

A recent study of thousands of consumers said 60 degrees was about the cut off point for diners being comfortable eating outside on patio etc. of restaurants.For warm belt states this news is not that bad as only cold typically a few months out of the year at best.

Its a time consuming process to weed out the bad ones but with time will get you what you need

It can be stressful and time consuming, and in my opinion time is priceless.

With a commercial loan, you'll have a yearly PITA time-consuming obligation - regardless of whether you've made all payments 100% on time.Commercial loans have their place, and as you get bigger you'll be forced into the arms of commercial lenders so they're somewhat inevitable, but they're not necessarily always better than regular residential mortgages. 

Either way, I would keep it, maybe hire a property manager depending on the mental bandwidth it will consume managing it from afar.