With rent control in NJ, yeah, it’s mostly a waiting game if tenants don’t leave.

I am guessing his hands are tied as Norada is simply the marketing company and I am guessing no operational control of Wagner.

I have a feeling my entire local market is going to be the same outlook to make their over value seem reasonable to themselves..Do you or they, control the future?

I think a middle ground could be reached there but alas not in my control. 

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Use that loan to pay the back taxes and get things under control.

I have had my eye on 5-20 unit multifamily for a while, as I see it much more controllable and predictable way to go about a real estate deal.

There are some types of trusts that bring a lot of protection, but you generally lose control of your assets and they are managed by someone else. 

.#2 if the owner doesn't want to buy it back, I can begin collecting rent since I control the deed in my name at that point.  

I am not talking about the time to get permits approved because it is not in their control, only talking about the time it took them to get the paperwork submitted.2.