Zip code is absolutely worthless like everyone else said.

Any contact with them will most likely be negative and non-productive so don't engage them unless absolutely necessary.

Absolutely fantastic news for you!

Absolutely!

I'm very eager to learn and have absolutely no experience. 

This is an imaginary number based on absolutely nothing, so don't use it for your property, I picked it just as a number to use for explanation.  

I had absolutely no problem finding a tenant. 

There were something like 15 fines which added up to over $28K, and the majority of these fines had absolutely NO relation to the property itself, and only to the previous owner who had been foreclosed upon.  

Having just sold our house on the south shore of LI I can tell you first hand that $16K/yr in taxes on a single family home is absolutely nothing to look forward to.I completely understand if you have friends and family in the area but in terms of finding a location for your personal/business (RE or anything else) future I would look elsewhere.

I have seen some bad stories about leasing coin op machines, you might try searching for threads about it here on BP.If you manage your rental yourself or you have a PM you trust, it is easy to collect the coins every month or so.If your rental is in a questionable or hidden area, I would recommend getting the coin vault guards installed to prevent damage from tampering.Kimberly is absolutely spot on!