So are the home prices.

Light rail stops like @Jean Bolger  mentioned are a good bet, but so are some of the big developments coming in and the big infrastructure projects being undertaken by the city. 

But the prices are indeed soaring.

You want to make it as easy as possible for them so are having this discussion now. 

BUT NOW due to mining recession house prices are plummeting and so are jobs - it's not looking better in the close future.My girlfriend and I have joined the "Rich Dad" based mentorship program for the UK and connected with a local investors group who already invest into UK (with the same program).The plan is to start with lower budget "buy to let" and find the odd good deal to flip a property for cashflow to reinvest.

If so, are there any attorneys you would recommend using for double closings or assignment of contracts?

Even so, I'd be hesitant to buy one of those Downtown without putting serious consideration into the upcoming tax reval, which could cause property taxes to soar for owners in this part of the city.However, not all hope is lost if you're willing to entertain options elsewhere in Jersey City.

Are there other avenues for financing these rentals and, if so, are the interest rates competitive?

@Craig Lagrant great so are you looking to buy a rehab property?

So are you getting 2% rent ($10,000/mo) @Richard Dunlop or are you proving my point that you get 2% in markets that don’t appreciate?