Prices steadily raising, but rents have been slightly slower to follow.

This is to ensure that both parties are aware of the loan and to protect the lender's interest in the property.

Please share with me any 2-4 unit MFRs you are aware of in NJ that are located in good school district areas. 

Sponsor is self-aware and humble.

Quote from @Raymond Whitley: Not sure if Goosehead is in your area, but a broker like someone at this company can really help you in challenge times for insurance like this current market with so many carriers dropping out completely or raising rates on everyone. 

Having lived in Southern California my whole life, I live in a bubble and am not aware of the flipping market outside of my backyard.

Could there be something I’m not aware of that’s keeping other buyers away despite the attractive pricing?

It's awesome to hear how aware you are about the transferability of your skills to real estate! 

This is a new requirement from the town (which we were not aware of) and while we have detectors in there now, they are not connected between the two sides. 

So raising the cost of a load could possibly tank demand, thereby reducing income.