Even if it doesn't get you a deal immediately, when the market turns south and the owners need to sell properties, your name will be the first one they remember.

A triplex would be ideal but i can’t find any in my price range in this market (250,000 or less).

Not having the ability to write a check for it and realizing that the location is not ideal for many businesses, I decided to do have an initial conversation with a local hospital about their need for office space.

I can’t remember where I read it but, I seen that on a low cash offer a person put the full offer price as earnest money.

Another thing you could do is to prepare a scope of work for each unit and acquire bids, ideally 3 on each item. 

I can't remember who it was off hand, but there was a guy a few weeks back talking about how he gets closer to $1000/door and doesn't want to touch anything below that...I just looked up some properties really quick on loopnet (not sure where else everyone checks first), found some properties that would fit the 1% rule mentioned on BP and that would appear to clear more than $200/door after management fees and setting aside $100/mo for reserves.

Remember you can always cancel an eviction but can never recapture time lost.

I would love to be near the Glen Ridge, Bloomfield or Watsessing train stations ideally since my wife needs to commute to the city.

-The house Is in New York has- he has a fire extinguisher company and won't list it because he actually services many of the real estate companies and is afraid to favor one or the other and inturn lose a client- he has nine houses in Pennsylvania - original loan was 660k 760k if I remember correctly - has paid 250k- has all floors ( basement, 1st and 2nd) rented only top floor has a lease total rent colle is 5500- supposed market value is 1.1 million - he's willing to take 960k- might be open to terms since he's already renting.As long as he keeps the title-sounds like the house doesn't need many repairs but i have a friend that is a contractor and he can Help me assess any repairs Hes a savvy new yorker so  I rather give him options instead of just 1 cash offerCan anyone help me figure this out ?

Just remember: most negative reviews are written by problematic tenants.