Buying Rental Properties in Elizabeth, NJ

[Altaf Essani]

Hi Everyone, 

I am looking to buy my first rental property. I have come upon an opportunity to buy a Multifamily rental property in Elizabeth, NJ. The seller says that Elizabeth is a great place to invest because it has the most train riders in the area and is a growing area. The property already has tenants, one section 8 and the other cash paying. This property also comes with a 2 year home owners warranty from American Home Shield to cover any repairs. 

This looks like a good opportunity but I am kind of hesitant. Is Elizabeth a good  place to invest ? Not really sure if it is a safe area and whether I will be able to manage the tenants. 

Any advice or experience in this area would be appreciated as this is my first time and I am not sure of what exactly I should be looking for ?

Thanks

[Antonio Figueroa]

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