Sidenote: I'm currently house-hacking a tri-plex on the 1300 block of South FLoyd street in Old Louisville!

Taxes are unreasonable, heat expenses are thru the roof, the snow is a pain in the butt and I'm looking for more opportunity.  

Today, getting a mortgage is a pain in the ***, and although there are non-traditional lenders who have filled the sub-prime space (thank you fellow members), another real estate crash seems very unlikely as foreclosures will probably never again be as dramatic than 2008. 

The tax angle takes them away from their pain point of being a tired landlord anyway.  

They were right, they got out at the peak of that RE cycle ... they sold for $150k, it was a triplex a few blocks from the ocean in Redondo Beach, CA.

The way they described it, it was very expensive and very painful.

Neil Roseman of Block M investments will do a 5 year amortizing loan.

There are NJDEP records of nearby (same block) properties that had leaking tanks.The MLS listing for the prior sale of this property in 1996 says the house has natural gas, baseboard hot water heat and central air, which is consistent with the information I was able to get from the town.  

- As a result of the seller not being able to rezone it as 3 unit MFH, did the seller (or you) have to take explicit measures to lock the 3rd unit out, by destroying strategic parts of the unit, or blocking any gas/water access to the unit?

I know this is not new and is a common problem for most investors but I have been losing some good deals recently due to some pain points that I could resolve with some help !