Sant SobhrajIt really depends where in Newark you are buying as that is unique market in its own right.Just a couple points of concern:Expenses are only 25% of gross income.

., to get a DECENT feel for what a deal looks like, what one can sell for, and when to pass...Obviously all homes are unique, some require more repairs than others, I understand that much.

You're welcome - and your votes are appreciated as well :D The company name was selected to allow for varied interpretations; the potential for a pun is one of them.

The only way to be successful in note brokering is to flood the local market with advertising, or launch a unique and difficult direct marketing campaign.

It is a very diverse continent so one has to select the right places and also become quite familiar with that place before taking the plunge.

Notes are a unique business, while backed by real estate, they are not real-estate.  

I tell them I will notify the tenant I select on a certain date.

It's also possible that your margins are higher because you're more selective than I am, and doing fewer deals.

--because it requires actually going out and viewing a lot of different properties in-person, learning to spot opportunities that aren't apparent to other buyers, learning from GCs what is (and isn't) easily do-able, learning from PMs and agents about the local tenant pool and the unique dynamics of the neighborhood, etc., etc.Books, podcasts, youtube videos are incredibly valuable, but there are many aspects of real estate that are best learned through direct experience. 

While the methods described about are great and increase convenience, they fall short of some options available. erentpayments allows it (one of the options you can select) and clearnow does it as well.