Buffalo, New York is a city that has been experiencing growth in recent years, making it a potentially promising location for real estate investment. Here are some of the pros and cons to consider:

Pros:
- Affordable prices: Buffalo has relatively low housing prices compared to other cities, making it an attractive option for investors on a budget.
- Strong rental market: With a high demand for rental properties, there is a good opportunity for investors to generate steady rental income.
- Economic growth: The city has been experiencing an economic revival, bringing new residents and businesses to the area.
- Development projects: The city has several development projects underway, including the redevelopment of the waterfront area and new commercial developments.

Cons:
- Harsh weather: Buffalo is known for its harsh winters, which could discourage some people from moving to or investing in the area.
- Aging housing stock: Many of the homes in Buffalo are older and may require significant renovations or repairs.
- High property taxes: Buffalo has some of the highest property taxes in the country, which could make it harder to generate a positive cash flow on rental properties.
- Crime rates: Although crime rates have been decreasing in recent years, certain neighborhoods in Buffalo may have higher crime rates than others.

Ultimately, whether or not to invest in Buffalo real estate will depend on your individual situation and goals.