There are other drivers; including the growing number of jobs in Newark, but the commute is key IMHO.3.In light of 1 and 2 above,  some neighborhoods are are better bets vs. others.

If it is a C-Corp then it would. you should be able to deduct your mileage since you own property there and claim the depreciation on the passive income property. but your best bet is to talk to a CPA that that deals with foreign trade and could better answer those questions 

If you don't have any other investment you want to embark on with your excess fund that would be generating some sought of income for you on the side, I am sure your best bet is to go for 20% downpayment on your real estate purchase because it helps you build equity really fast and if due diligence is properly followed in the purchase strategy then you can be rest assured of stable and steady cashflow. 

Im willing to bet you have a pretty good interest rate on that loan too. 

Based on the numbers you presented, this is not going to be a cash-flowing property and is solely a bet on appreciation.

From other postings, it seems that using a Home (or other) Line of Credit is an extremely popular way of coming up with the deposit needed to keep investing.

Perhaps the Cap rate is higher in your area.With regards to financing, I wouldn't bet on seller financing.

to be a popular place for guests and investor competition so you can do better by dominating the niche you select.  

Your best bet is marketing.

Getting into that first property owner occupied as soon as possible is your best bet, whatever gets you there is probably the smartest route.