Also yes.Right now if someone is not able to get rented I would guess it would be marked by being in a bad location (anything west of gratz, below CBM or above diamond) and trying to charge new construction prices (550-650/rm), tiny rooms, bad rehab, or another issue.

There is a new development called Barber Yard that just broke ground in the empty lot off of 16th Street (the old diamond match factory).

However I am interested in finding those diamonds in the rough that everyone else is missing so I view it as a treasure hunt.

Sherwin Williams Promar 200, Valspar 2000 or Glidden Diamond

The northern zone is 13th - 11th, and diamond to susquehanna.

@Derek Diamond Thanks Derek!

The NJ market is extremely competitive and the overall high taxes don't make the strategy any easier.You're going to need a great agent who can alert you to great deals as soon as they hit the market, as well as be on the constant lookout for those off-market diamonds in the rough. 

I have been told that this market is tough but not impossible, so hoping a find a diamond in the rough.

If you have not been to a  local real estate investment group go to one,   Black Diamond is in the Worcester area,  there is also a boston REIA.  

If you do have the black gooey tar mastic you need a diamond blade that spins to scrape it off.