It's possible to get that kind of returns investing in Newrak Nj , but you wil have to know what you are doing because Newark is a rough town .

Just as a highlight, the property has fire damage, was there insurance in favor of the lender which covers such damage and will that claim transfer to you or should some of those proceeds be used to demolish and clear site or clean up site; will you be indemnified for any future liability if not, etc - point is, I would worry more about your not so common deal rather than trying to find sample contracts of more common deals.  

It does not require lawyers and is a common remedy for chasing tenant debt.If they are responsible individuals a small claims charge on there records will prevent them from getting loans, buying anything on credit or time payments etc.

What kind of investing do you focus on?

What I am trying to see here for myself is - that to make 100K a year - what kind of numbers am I looking at.Out of natural curiousity - and to put things into perspective for myself.And those numbers look pretty big !

Hello,I am a first time investor looking at a 3 family investment opportunity in Dorchester, MA (not the nicest part of the city, but cash flowing is pretty common - a lot of subsidized housing).

Is this common?

You can still be kind to the occupants, but remember if you don't start the eviction process now then it will just get harder and more costly for you and them. 

If I were looking for that kind of information I'd go the credit agencies and work from there. :)   

What kind of properties are you looking for?