Assessments in NJ are not done on sale, unless it's a new build or a complete renovation where the permits tip them to reassess, so every three years or so they reassess all of the properties and taxes go up most of the time.

These are all great tips and advice, especially for someone like me who is thinking about becoming a real estate investor.As a newbie, I would say that there are tons of information, and some are conflicting at best.

I very much have a long term play and "don't care" about the cash flow immediately, but obviously I don't want them to negative. 

Greetings BP community, I recently joined a national senior care living development team.

Most work with us, some do not.Be careful also as they may tell you to keep their security deposit as last month's rent.

I’d take care of everything.

@Sofia De Santos Tavarez if you haven't already, have the property professionally inspected.This should catch MOST of the structural, health & code issues - but not all.

Forgive me if im being a bit forward: would you be willing to give some sort of tips/guidance of the process ypu went through from start to finish?

I've always found inventory rates (and how they've moved over time ie previous 1-2 years) to be the starting point for where a market's health is at.

We rent to plenty of S8 applicants; I've always believed the standard of care they exude is as high if not higher than "market" applicants because they'll get kicked out of the program if they don't.