He also told me that he spent the last 10-15 years off and on homeless and was a drug user who's been clean for the past 4 years. 

I think I was one of the last pod cast with Mr.

I'm experienced in residential real estate but green when it comes to commercial investing...my brief research last night made me come to the conclusion that I can't afford a decent STNL property (was looking in the $2M range).

We sold a Triplex last year for $505k and a recent Duplex for $421k+/- both received healthy seller concessions and planned to be owner occupied utilizing rents from the other units to reduce their costs of living.

Lastly, they like building relationships.

Cashflowing within the first couple years is somewhat of an anomaly due to the low interest rates of the last couple years.

If you click on the magnifying glass in the upper corner and type accounting software you’ll see the last few hundred times it’s been asked. 

Last part- Start networking with local investors and/or investor friendly agents near Newark who may have answers to the questions above.The only way to reduce risk is to educate yourself. 

There have been several of those in the last few years.

As always make sure to understand what your investing in, tax consequences and terms of the offering