I have the bank phone number and am going to try and call the bank and talk to the loss mitigation department.

Currently, I am leaning toward option #3 for all our buildings as I'd rather maintain our current cashflow and mitigate future vacancies.

You already have your solution which is to sell the property, mitigate your risk and move on.

It also takes working with the contractor to make changes to improve and mitigate costs.

It also takes working with the contractor to make changes to improve and mitigate costs.

Yes they can be profitable however, you can really run into some issues and for a first deal, it would be smart to mitigate risk as much as possible in my opinion.

If you can find someone who will ensure it is done properly with a plan to mitigate extreme erosion from rains and winds, and who will make sure that all preventative steps are taking to reduce the volume of weeds that pop through, then I can see it being quite advantageous. 

I can see how FSBO's can be seen as scammy but there are ways to mitigate that. 

But I want to be smart about it.And I'm sure mistakes will happen, but hopefully I can learn from others and get some strategies to help me mitigate or minimize the mistakes.

One thing that’s difficult about New Jersey is that property taxes seem to be very high, and it seems like a balancing act with appraisal value/ resale value and expense mitigation in trying to optimize rental income.Does anyone have any advice in optimizing rental profit in New Jersey in multifamily homes?