Considering that Newark is 25 minutes from Manhattan and close to an International Airport Hub, the City has seen a lot of redevelopment in the past 10 years.Two particular locations that have seen tons of action, high equity appreciation, and are poised for continued growth over the next ten years are the Ironbound Section, Downtown University Heights, and North Newark near Branch Brook Park in Forest Hill. 

Grow the money actively until hitting (it may take years of work) a few million dollars mark, and then think about passive investment.

Jordan,There are single,double,and triple net leases.The ability to re-purpose the building fast and cheaply is key.Certain corporate tenants with the building design if they go out you have massive costs to get it to a rentable state for another tenant type.Case in point I know a Sonic building that has sat as a foreclosure for a year.To re-purpose it you would have to take out the drive thru stalls and the building itself is so small you can't do much with it.One key area I didn't see touched on is that YES with a TRUE triple net you do not pay for anything.With other single or doubles you might get a little more but pay for expenses so it's almost a wash in the end.The lease is guaranteed and you get mailbox money.The down side is these tenants have rents stay the same amount for long periods of time before any increases and when it does increase the rate is marginal.So when inflation kicks in year after year the returns are diminishing.If you are trying to protect your money they can be an excellent investment.Tell us more about your situation which will help.I like corner locations or right next to the corner as they hold value and are easier to re-purpose and re-rent.Even though the rent doesn't increase as much the land should be way more valuable in time unless the area dies off and growth migrates elsewhere.You can also assume loans at sometimes 90 ltv putting down just 10%.The reason is lenders see these loans as having little risk and low chance of default.I specialize in multi-family and also triple net so contact me with any questions you have.

So, I prefer to know my costs for each rehab task and have a quality contractor that can execute them within that budget.

What are the most important tasks that you know you need complete each day in order to achieve your monthly & yearly goals?

You would probably have to develop a source of note holders and cold call them, a thankless and difficult task if there ever was one!

That really is a more involved task.  

Juliet, Lebanon, and Murfreesboro also have a lot of warehousing/distribution/other commercial growth planned for the next couple of years and residential prices will ameliorate where the jobs are going.

Let me know if there is anything I can do to help you in your business growth.

mhmm very interesting i can not speak for the country as a whole but i know that the other day i saw a report on cbbc about warning signs of another collapse in housing because miami phoenix and riverside ca are all very hot now with high prices etc... they also said houston and denver are also high but they are explainably high because of recent local growths in the economies based on small business growth etc.... the warning factor was that it was what happened before the last collapse phoenix miami and riverside were all hit the hardest during the collapse because they had an unnecessary inflation in home values that wasn't backed up by any actually growth spurts in the economy...now i know i may sound like a fool regurgitating cnbc but i watch every day that the NYSE is open for business and a lot of the things they say are BS but than again a lot of it is often pretty acurate and yea if i could go back to when i first moved to tucson (2009ish i think) i would have bought a few 15k houses on the south side because now there all going for 90k move in ready or even 35-40k still needing a bunch of work and people are buying them...