As I do not have as much cash on hand at the moment and am looking for an attractive return, I am looking into the Newark area, some parts of Jersey City and Trenton NJ.  

You wouldn't want to have them redeem after you pay for the foreclosure and payoff the taxes, that might not be an attractive gain.  

This makes multifamily attractive to many tenants and investors.

Just know that it would be horrendously low based on actual numbers.I think your biggest challenge will be attracting decent management with such a small number of units. 

The area is coming around quick, but I would be more inclined to buy/hold then flip in 2-3 years when the neighborhood has more of the amenities that attract homeowners as opposed to renters.Just my 2cents.

There are certainly going to be some tried and true elements, but we believe as technology, culture, etc. change that so may business structures and practices.With all of that said, as brokers and agents, what service, support, and features are most valuable and most attractive to you in where you choose to do business?

@Devon Morgan,You need to read up on how to attract and engage private lenders where the deal is more important than your credit.When you don't have money and/or credit, then you need to use other people's money and other people's credit.

Once renovated they are more attractive as buy and hold investments, but they also can be partitioned into two single family homes, which have higher comparable sales in these locations.

The answer to your question depends on many variables, primarily the quality of property you're investing in and the quality of tenants you're able to attract with these properties.  

A licensed electrician will have to run the GFCI / 220V connections to the new area as well.There are also some other sections of the house that are no doubt attracting water intrusion.