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.

Ya don't get me going on lease option rip offs and sub too rip offs.. one of the great things ever invented and I my dad found them in middle or late 70s was the AITDall inclusive trust deed in CA that is a great document and to the extent you can keep a transaction above board IE no ripping payments or rents from the seller this one does it.Brian Burke has some great war stories on foreclosures as well.I have been pretty lucky in my day.. other than houses that when I bought them were fine but by the time I got in them they were stripped to the studs  LOL.. but I have had others were the people moved out and it was broom clean.. never know.

. :)  he had a company called California Wrap even.. and it was those transactions and many other Ca investors like my dad that then created the All inclusive Deed of trust.. to facilitate sub too in a much safer manner.. its a great document folks should google it.. its what we use to transfer title in CA on a wrap or sub too. 

@Bryan PhamCongrats on leaving the W2 environment.