Schedule a few informational calls with property managers and investor-friendly agents in that market to understand the landscape. 

The majority of contractors do not understand REI, running the numbers, or strategy. 

Quote from @Dylan Mortman: I'm trying to understand the amount of money that is either left in the deal or considered "gained" through a refi.At the highest level - What do I subtract from the big chunk of money I get from a cash out refi?

I’m also an investor myself, so I understand the challenges that come with managing multiple entities, tracking property performance, and coordinating with tax professionals.We support multi-entity clients with everything from monthly financials to CPA collaboration on cost segregation and proactive tax strategy.

I understand there is crime there, just like many low-cost areas, but I reached out to a rehabber about taking some photos of properties for us and he told me to look in other areas because of the high crime rate and that "it just keeps getting worse." 

I’ve been running numbers since just before the run up in 2021/2022I totally understand people buy here for “price appreciation” but it seems like the prices are completely disconnected from reality.

The pricing is outdated, but it will give you a general understanding of how to estimate the major repair categories.Otherwise, this question get's asked ALOT, so I have created boilerplate list of the process of how you can learn to estimate costs. 

Plus, having relationships with lenders who understand investment properties and brokers who can send you off-market leads means you’ll move faster and with more confidence.The biggest mindset shift for most new investors is moving from “I can do it all myself” to “I need the right team and systems so I can focus on the big picture.”

Quote from @Greg Seivert: My accountant doesn't seem to fully understand REPS, which I qualify for. 

Make sure you atleast work with a professional who is in the tri-state area who will more likely understand the NY state tax laws.Some concepts in the NY area that are different than states1) MCTMT Tax2) NYC not recognizing S-Corp status3) Differences between Federal / NY tax laws such as bonus depreciationBest of luck!