NJ is a big one—places like Newark, Paterson, or even smaller towns have better cash flow potential.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Even when you buy a property with tentants, you also have the risk that they stop paying you and since you didn't screen them, you are left with just hoping they won't do that.

Code r. 3129.1so if the 1st position (mortgagae ) been served means all other lein holders will be wipeout even if not served Notice.

Michael, I just got banned for "Spamming" which I'm not even quite sure what that means. 

I need a new policy for my single family rental, can any one recommend a insurance company?

If I would have bought a sustained portfolio with multiple units rather than starting with a single purchase I truly believe I would have lost a lot of money while my systems flailed rapidly attempting to catch up. 

Nobody else does this, and even fewer exits.How will you buy land if not financed?

Probably not even close.  

I recommend you budget 5% of the gross rent (for the whole place, even what the rent would be if you were living in it as a tenant) for repairs and 5% for capital expenditures.