The concerned neighbor requested us to do something to put an end to the endless stream of unsavory people coming and going from that rental, with the main tenant in the middle of all of it.

If you find a good one, you'll pay with your time, energy, and money. 99% of all investors would be better off reading some books, networking, and growing at their own pace.

Bloomfield looks very promising overall given the pace of development there and the fact that Jersey City and Hoboken are too expensive these days.  

Come to find out his wife's dad had a career in real estate, his friend works at a firm as a private lender (that's how he got started), the houses were 50k houses and half of them were trailers...His personal house, while large was in the middle of nowhere...You can see the focus shifted from real estate investing to social media marketing.

So you're not talking about C/D housing here where people run off in the middle of the night. $4k deposit is probably a fair deposit.4.

Rent control may prevent you from increasing the rent fast enough to keep pace with inflation, limit your ability to select a reliable tenant, and make evictions of non-performing tenants difficult or impossible.

Middle of the night call from tenant-Tenant: "The people upstairs are fighting!

It represents the number of months it would take to sell all homes currently on the market at the current pace of sales.

Maybe 2 pallets are very high end and other are middle of the road to low end.  

About half my rentals are C-class and rented to people below middle-class.