After our offer was accepted, I ordered an inspection and everything looked good except for a bright red flag regarding cracks observed in the foundation.

I have a 9-5 job which covers my expenses and end up saving some money at the end of the month.I observed a general trend that properties which are positive cash flow don’t appreciate as fast as properties which are not.

They may bring something to light that you didn't know of, and they may jog the memory of the seller when filling the form out, but they may not.While the law in my state states:“where the seller of a home knows of facts materially affecting the value of the property which are not readily observable and are not known to the buyer, the seller is under a duty to disclose them to the buyer.”There are a ton of things that the seller forgets or "forgets" about, didn't inspect, or willfully tries to not disclose. 

To preface my replies, I am observing from afar using a variety of online tools and my assumptions might not be totally accurate, so thank you so much to all you local experts for lending me your advice. 

The fall in mortgage rates came as somewhat of a surprise to market observers, given reports this week that pointed to a growing rate of inflation in the economy.

I don't personally have a lot of experience in higher-end SFHs in Bergen county, but as an observer, I would think that In a more higher-end market people would be more specific and therefore the market moves slower which would mean fewer offers on a listing.The same can be true for other reasons as well.

However I see that if you can structure this deal correctly you can qualify for a long time capital gain.Tips to get capital gain treatment on the sale: A) If you have actual investment property and you are dealer: -Maintain separate book-Document intent to hold the property as investment property in Minutes or other document-Report expense as investment expense on tax return-Also use separate entities.Using controlled entity to get capital treatment on land:-it is important that the sales price reflect the property's actual FMV at the time of sale. the formalities of a sale must be observed.

Toledo stopped observing the CDC ruling when the 6th Circuit made it's ruling, so things are essentially back to normal now (but still on the slow side).

According to the lease and in observance of NJ law, I provided a 45 day notice of non-renewal.

To answer your question, you find good responsible tenants  by meeting them, you weed out by observing.