But be careful of the taxes eroding any possible cashflow. a 60k property in Coram, NY will run you 5600 in taxes, so this appears to be a challenge even in suffolk.

I challenge you to show me where in NJ law it states that the assignment of contract is illegal.  

I understand there are challenges with the tenants but if it is able to generate 30% YoY, it is certainly worth it.

"We had no intention prior to the receipt of the most recent sanctions of closing down despite the challenging regulatory environment that now threatens all proprietary higher education."

I spoke with the owner yesterday since I know her step dad and she was renting it out for $750 and got a ton of applicants.

I spoke with the owner yesterday since I know her step dad and she was renting it out for $750 and got a ton of applicants.

Her sister stepped in and offered to take over the mortgage to catch it up along w/ utilities.

Not to mention for building a successful business, this is my first step of outsourcing/delegating.Not sure why this never dawned on me but over dinner this weekend with my wife, my cousin, and his wife I realized...

Andrew - thanks for the advice on putting together a buyers list - I just started this "whole thing" six weeks ago and have been so busy marketing and trying to get deals that I didn't network at the meetings like I should have - I was just chunking it down into baby steps to keep from getting overwhelmed lol

Anyone on the west coast have this issue or challenge?