@Joshua Hollandsworth Typically the "big banks" sell their loans on Wall Street and those loans must meet specific guidelines. 

Recently I have driven around various properties on streets I liked (driving for dollars, except mine was driving to learn, not to necessarily do anything quite just yet).

Down the street the property manager I plan to use is renting similar sized units for this amount.Assuming I ran all the numbers right for estimated expenses buying this property cash should provide me with over double the cash flow (had a mortgage on the sold property) , elimination of ~$300K of debt, and money left over to purchase more properties.

Look for properties in between the streets Oriental and Rural for west/east boundaries and 10th and Michigan for north/south boundaries.

Every article I read on BP is about Indianapolis is street to street.

I'm in Paterson a few times a week and do some investing there, in fact at one point I was working on a way to buy the property (car lot) across the street from the complex (deal never got off the ground), so I've seen the outside in person. 

After living in Marlborough, it's not as "scary" as people make it out to be, and our street demographics were about 50% retired blue-collar folks who were often original owners (40 yrs +), and most people moving into the neighbourhood were younger immigrant families, usually with kids, typically as renters.

We are under contract on 3 lots and the city told us that the sewer is very shallow in this neighborhood and since the lots drop about 8' from the street our options are either build up or install grinder pumps on all three lots.

Combined sewer is having sanitary waste and storm water being served by the same waste piping system. if you have a check valve installed on the sewer main it's only going to stop water from flowing back from the street.

Do apartments, but have a couple of clients that own strip malls.First, any type of property can get overbuilt, however, both guys are happy because:1) High traffic count and street egress and parking (kinda tough getting all of that in one place)2) Site exposure - You want ALL the storefronts facing the street and NOT a mall that is perpendicular (ie the short end) facing the street3) Get a good anchor (like major cell phone guys) that bring a lot of traffic to the mini-mart since they're there already4) Try to avoid some businesses like small specialty groceries by first-timers that stop paying rent after 3 months since they have no clue on how to run a store.