Also,we are not obliged to pay costs, legal fees or expenses for these matters.3.1 General risks which are excluded.Risks which:(a) cause you no loss or damage;(b) you create, allow, assume or agree to at any time;(c) arise because you did not pay full value for the Land;(d) are known to you, but not to us;(e) occur, come into existence or appear in Public Records after the Policy Date, other than those risks insured underClause 2.2;(f) arise out of or relate to any business activity. 2.2 Risks occurring after the Policy DateWe insure you against the following Covered Risks only if the circumstances creating or giving rise to these risks occurafter the Policy Date.Forgery, fraud and mistake(a) an instrument is registered or otherwise recorded by which someone else claims to have an interest in or anencumbrance, charge or lien on the Title to your Land because of;(i) an act of forgery, fraud or misrepresentation; or(ii) a mistake by a title registry or a governmental or local authority.Encroachments(b)someone else builds a structure, other than boundary walls or fences, which encroaches onto your Land.

High rise condos rent very easy because of good bus access and employment opportunities in Northern NJ.

Good hunting to all and may the road rise up to meet you.

I mean you need to buy property no less than 150k to get the 1% rule, and as inflation occurs property values rise.

Anyone can purchase and sell for a profit in a rising market. 

They are marketing a cap rate that doesnt include real numbers and compresses it further, with interest rates going to rise, I see negative cash flow in the future.

There are also plenty of Fannie's and REOs but the prices tend to be a tad to high for investors (rental rates not rising much).  

Any time you can get a break even property for free, I like the deals personally... you get the tax write off, the equity pay down, and appreciation... not to mention as rents rise over time it would eventually begin to cash flow.So the question is, would this break even?  

Failure to have adequate reserves is a common problem with all categories of properties, from small houses to high rises. 

Interest rates are going to rise,  so that's +1 for holding fixed rate long term loans right now.