If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

But if borrowing costs remain high and interest rates don't fall as many people expect, cap rates will have to decompress further. 

Future enhancements include the planned Silver Line rail alignment with nearby stops, as well as potential commuter bus services, pedestrian paths, and bike lanes.The development benefits from proactive rezoning by the city, transitioning the land from industrial to mixed-use urban development.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

You have to expect costs, headaches, and surprises. 

In the future, either get your Real Estate License so you have access to the MLS, or make friends with a realtor so they can get you comps to get an ARV.  

I will be posting in the future.

Client ExpectationsClients often have unrealistic expectations, leading to frustration when things don’t go as planned.Solution: Set realistic expectations from the beginning.

@Roy Kinzer Rent control in NJ can be a tough pill to swallow and unfortunately has caused many of my deals to fall apart quickly once buyers/future landlords realize how strict the controls can be.

Since you want to aggressively invest in the near future, you will need cash and the 30 year option is the right one for you.