Loan terms from commercial sources vary depending on the source and I have read in the forums that most are looking for a fixed commercial 30 yr loan but cannot find it at commercial banks or portfolio banks and I must tell ya that it is available but you will not find it through traditional sources: Here is why: Banks are highly regulated by your Uncle Sam and internal regulators, even if they are a commercial or portfolio lender.Commercial loans are notoriously known for balloon mortgages or Adjustable Rate MortgagesThe simple reason for this is because depending on the commercial operator and property type these loans are not classified the same as residential loans which are backed by the government.You see on the commercial side that money is the bank's  money to fund whether they sell the note or not so most banks that offer these loans offer them at these terms because the commercial balance sheet is totally different than the residential balance sheet. 

NJ is notoriously known for high property taxes and high housing price.

I doubt he was learning how to be a good citizen in prison , generally you Don’t pick up good habits in jail .

Gotterdammerung: A Very Serious Legal Threat.It alleges that cooperation and compensation is an anti-trust violation that results in consumer harm, and seeks an injunction against forcing home sellers to pay the commissions of the buyer agent.https://notorious-rob.com/2019/03/gotterdammerung-a-very-serious-legal-threat/

Prisons are full innocent people that are there because of an attorney's incompetence.

This guy asked me about my brother which of course was in prison and little did I know my brothers signature was needed in order for them to start the project  & when I received an email stating that they had just spoke with my brother and gave him the information to electronically sign the contract.I asked the lady how did you get to talk to my brother if I cant even talk to him n I'm his sister.

Just read about this earlier this morning...The two leading plaintiff's law firms, Cohen Milstein Sellers & Toll and Hagens Berman Sobol & Shapiro, are no joke... they've been behind a number of complex class-action lawsuits against companies like Apple and Toyota.This article breaks it all down pretty well: https://notorious-rob.com/2019/03/gotterdammerung-...You can also look at the details of the suit right from the HBS&S website.It will be interesting to see how this all unfolds over time.

I know NJ is notorious for high taxes, but I am calculating $7500/year?

The data is more accurate by far since Zillow notoriously keeps things on there that aren’t on the market or sold years ago and their comparisons are often; apples to oranges.

@John Lee - Listing agents and sellers are notorious for minimizing expenses and inflating cap rates.