I been watching some youtube videos and listening to biggerpockets podcast but its like listening to a different language.

I believe city officials appreciate when investors don’t try to bs them. 

I want him to be compensated for his time but I'm not willing to pay the 3% because he's not the one officially selling the house.

Because its a 506(c), be sure to run all your marketing materials, language, tweets, posts, whatever through your securities attorney.

The operating agreement needs language to give allocations substantial economic effect and all partners must agree to the terms (the good, the bad, and the ugly).

A few of us have met up but nothing official

The water company came out a day after I filed an official complaint.

I'm assuming there will be some custom language in your documents.

Here are some links to previous post about investing in Newark, NJ you might find helpful . https://www.biggerpockets.com/forums/12/topics/720117-officially-a-first-time-landlord-and-new-homeowner-in-newark-njhttps://www.biggerpockets.com/forums/52/topics/579281-newark-nj-landlord-tenant-court-my-experiencehttps://www.biggerpockets.com/forums/716/topics/603084-best-zip-codes-in-newark

Consult official plans and know what's proposed for development long-term.