A simple partner landing page is all it takes, not a crazy expensive website. 

I agree that northern NJ is way too expensive.

But that doesn't mean he has to be expensive for no reason as well.

They have the option (but not the requirement.) to buy the property in 2-3-5 years for price x or forfeit their option money. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Assuming they aren't on a lease, give them the required notice of the rent increase and hope they move because they won't be happy if their rent doubles. 

We have several projects in the pipeline that will require re-development and any help you can provide would be deeply appreciated!

There are drawbacks however, and it certainly isn't cash as multiple draws, estimates, and appraisals are required throughout every step of the process. 

Never, Never use your sellers property tax expenses to estimate your future property tax, this is a big mistake done my many people in the industry.If you haven’t sell your Main home where you are living yet you might consider to keep it, because your new home would be triple the amount your are paying right now.

I’ve also significantly reduced the number of expensive drinks out and generally have switched to just an iced tea at McDonalds for $1.51 if I’m craving a drink on the road.