Most likely no I wouldn't because I don't feel that transactional brokerages will ever help my personal brand(nor will they ever gain ground nationally).   

NJ has a high foreclosure rate comparing with the rest of the country. 

The way they work usually is 15% down payment and you manage the crew meaning your the boots on the ground.

@Jacob Price I see what you mean, that is a pretty good ROI for nearly no maintenance I was just comparing it in my head to if I put I home on it and the lower rent didn’t seem as appealing.And as far as access it is actually the corner lot on Coyote Trail and Fawnridge drive if you reference the area.

I'm in the quoting process of a ground up build of a triplex (2868sqft) I've got floor plans and I'm hoping to get as many quotes as I can, thanks!

we worked through the old owner and tried to get to the kids when ever possible.. all leads were leads until the logs were on the ground.. a few things we did to speed things up  were as posted above and pretty obviouswe set up 1031s  but hard to sell to an 80 year old who could not fathom how that could be legal.and a few did charitable remainder trusts  probably even more complicated and the ones' where we bought those deals I would say the sellers were pretty savvy folks not your typical tree farmer. so as many have stated whats the sellers best interest and your best interest is many times vis a vi taxation not aligned in any manner.

The easiest way is if you have an agent that you work with, if not it's about finding sales of duplexes in the market and comparing them. 

Lets compare Memphis to lets say Denver...Memphis Avg Price = $118,467 Avg Rent = $10,906 Maint can CapEx = $1,635 (fixed since heater costs the same in Memphis as it does in Denver as you are saying...)All other expenses = 40% of gross rent = $4,362 (I put expenses at 40% just at random and have the 40% fixed for Denver as well)NOI = $4,909CAP Rate = 4.1%Denver Avg Price = $364,400 Avg Rent = $16,932Maint can CapEx = $1,635All other expenses = 40% of gross rent = $6,772NOI = $8525CAP Rate = 2.3%So it looks like even with you stating that maintenance and cap ex-numbers cost the same from market to market higher rent to value markets do reflect better cash flow invest ability...by nearly being twice as lucrative in terms of cap rate vs cap rate comparison...

I bought one because I am in the mold remediation business and I wanted to see the results compared to my $1,000.00 kit that I purchased a couple decades ago. 

@Alex LandauYou are looking at Morris Invest and then comparing what they sell to the Milwaukee market.