However, as the market picks up, Sellers are less likely to sign deals like that so what I have found, as an investor, is to move forward by finding some off-market properties or start formulating some relationhips with the bankers who head up the division of the special assets. 

In my corporate life I managed a division that provided short sale fulfillment to the large mortgage companies. 

We prorate based on a 30-day month and make our rents divisible by 30, so each day has a dollar value.

I have 3 employees for the management division including a part time leasing assistant.

A lot of time and effort has been sunk into this topic, most of it divisive. 

Here is some info on increasing rent in New Jersey.http://www.state.nj.us/dca/divisions/codes/publications/pdf_lti/rnt_incrse_bultin.pdfHere's another link to towns in New Jersey with rent control laws.http://www.nj.gov/dca/divisions/codes/publications/pdf_lti/rnt_cntrl_srvy_2009.pdf

One of our largest divisions is Real Estate and I am the head of our Real Estate department.

Terms available can significantly affect that division. 

The contract shall contain at least the following provisions:(1) The full names and then current mailing addresses of all the parties to the contract; (2) The date when the contract was signed by each party; (3) A legal description of the property conveyed; (4) The contract price of the property conveyed; (5) Any charges or fees for services that are includable in the contract separate from the contract price; (6) The amount of the vendee's down payment; (7) The principal balance owed, which is the sum of the items specified in divisions (A)(4) and (5) of this section less the item specified in division (A)(6) of this section; (8) The amount and due date of each installment payment; (9) The interest rate on the unpaid balance and the method of computing the rate; (10) A statement of any encumbrances against the property conveyed; (11) A statement requiring the vendor to deliver a general warranty deed on completion of the contract, or another deed that is available when the vendor is legally unable to deliver a general warranty deed; (12) A provision that the vendor provide evidence of title in accordance with the prevailing custom in the area in which the property is located; (13) A provision that, if the vendor defaults on any mortgage on the property, the vendee can pay on that mortgage and receive credit on the land installment contract; (14) A provision that the vendor shall cause a copy of the contract to be recorded; (15) A requirement that the vendee be responsible for the payment of taxes, assessments, and other charges against the property from the date of the contract, unless agreed to the contrary; (16) A statement of any pending order of any public agency against the property.

Only reason I'll have to disagree with the article is the divisive way "rich vs average" is used.