I have ideas similar to what is already being done in several states, things like "tiny house" villages in urban environments, to farm/ranches. 

The purpose of the Multi-Family Residential district, also known as the R3 district, is to provide space for multiple family residential development commonly found in an urban environment.

It can create a toxic environment for the other tenants in the building as well. 

Also, 5-6% gross yield in a non-city environment doesn’t sound very competitive at all for single-family home rentals or multi family.

Some agencies just want to see the boiler point stuff in there and make sure you are not acting with out compete disregard for the environments.

In a highly competitive environment, a good market, etc.

Response: Please have the doctor prescribe or recommend that their current living environment is not suitable for them for health reasons and I will happily release them from their liability. 

First, Newark is still an urban environment.

@Bryan PhamCongrats on leaving the W2 environment. 

In the past 4 years, I have bought multi-family apartments and find that the cash flow there is great, and in this environment (not typical), the appreciation was good too.And now to do both (Yes and No); If I was in your shoes trying to decide what to do, I would focus on finding myself a place to live in that I could call my own.