Experience owning rentals in New York? is it worth the taxes?
I have an opportunity to invest with a partner who lives in Syracuse, NY. There are some really good deals to be had with good cash flow, and he is willing to do a lot of the work. I'm worried about possible tax issues since I live in Virginia. New York is super aggressive on taxation. Does anyone have experience owning rental properties in New York (not NYC) that can tell me if it is worth it? I'm not sure what I don't know that I should know before getting involved with NY. Anything I need to avoid or know about? Thanks for your advice and experience!