Three family rental in "rough" neighbeorhood in Newark,NJ.

[Patrick Reagan]

Am looking at a three family home in Newark NJ that's been fully renovated and has very good income potential.The neighborhood is a bit rough but a fellow co-worker  who owns property in the area says if it's a quality place I should not have any problem finding residents.What should I be looking out for here? Thanks

[Lashawn McCauley]

I have a 3 family on S. 11th in the South ward section. You can find tenants based on the prices you set. I'm am seeing new property developments and rehabs in all sections of Newark from A areas to D areas. A lot of investments funds are trying to buy properties in bulk and overpaying. 

Most of my tenants that I've rented to are New Yorkers whom commute to work in NYC but need rental prices that are less than NYC.