This property is in a sexy park of NJ.

That’s not the sexy or appealing answer but that’s the easiest way.

It sounds sexy but I know that package came with drama. 

There are several markets across the Midwest that offer quality rental properties in that same price range and those same rents, but with taxes a THIRD of what you're seeing (and COCR well into the teens).

Hey, Michael, I'm excited for you, I'm also a newbie investor and I found out that the best thing to do is to do your own research and from there you can pick one strategy and invest all your time/energy into it.You can make money in every strategy Real Estate has to offer, but some strategies might work better than others depending on your knowledge, time availability, capital, etc.So, is good that you ask this question here, but this is a very open question and with all these knowledgeable people in this site, you can get all kind of good answers that sound sexy and promising and well this can be overwhelmed.

It doesn't meet my personal criteria ($150-200/unit/month cash flow and CoC ROI in the mid teens or better).

These guys got you hooked the first month by showing you the sexy aspects of real estate, but as you are well aware now, that is a small glimmer of the business.

Overall, I don't think this is a sexy deal at all.

The infestation happened because he had a soft heart and tried to help out a homeless teen so we suffered that expensive learning experience together.

It's not sexy and its not get rich quick, but that is how you will have a multi-million dollar net worth.