Anyway, I wanted to say that in NJ you cannot legally simply unilateral end a tenancy, or even raise rents dramatically, the state "Anti-eviction" statute prohibits it.

If your rent is significantly under market it’s hard to raise rents dramatically without some improvements.  

Too bad it took such a dramatic why to get me there!

First off, Gilbert is approximately ~$150,000 cheaper in median home value compared to its Scottsdale counterpart.Downtown Gilbert has changed dramatically in the last couple years.

Going from residential to industrial is pretty dramatic unless the residential use is non-conforming and the city is looking to eliminate that use.Good Luck.

There is no "Area" or "Neighborhood" that I can recommend because even within a given area changes can be dramatic.

Investing from a solid financial foundation will increase your chances of success dramatically.

Originally posted by @Vlad Denisov:@Emad NasserTry to get a quote on what loan you can get for this property, so you can factor your debt service into the calculation and see what your cap rate is.FYI: CAP rate does not include debt service as this will vary dramatically for each investor and their financing situations. 

This is also why I want an immediate and dramatic bump due to forced appreciation.

One thing is, myself included, owners charge below market rent particularly if the property is paid off, tenants are there a long time and rents haven't been raised, or property taxes are lower than what they should be because of property tax caps and go up dramatically when it changes hands.It behooves you to know what the market rents should be, the market value independently of the sellers records.