I own a 3 tenant Strip Center 10 miles east of Dallas with similar returns.It would be extremely difficult to find a high quality retail strip center in NJ, yielding the kind of returns that can be found elsewhere.

I've learned so much from you already and I'm extremely grateful for the great open and honest dialogue on the forums.

I can't think of anything more low maintenance then 6 people looking at a rental & then hiring an inspector.You watch your home burn down and lose EVERYTHING you own, due to no fault of your own to boot, and you'd err on the side of extreme caution too.

@PJ Pahygiannis I own two homes in Baltimore and 6,000 for ground rent seems extremely high.

Those kind of fake fell good, extreme makeover home edition, endings don't appeal to me, and are not consistent with Adam Carrola's (whom I like) past projects.

These are not war zone areas, rather lower middle class areas that still rent extremely well.

Scott’s “The Book on Flipping Houses”, and have found it to be extremely informative.

That said, cap rates are extremely compressed and getting a 10 cap in this market is difficult to find at best, keeping in mind this conversation was in 2013. 

In most areas it's extremely hard to get a rental property to cashflow.  

Perhaps that wouldn't be wise, but it would be extremely entertaining to see a "First to 4%" challenge.Derailed...sorry.