Keep your long-term goals in mind to steadily grow your income and savings through house hacking.Good luck!

I love where you mind is at and how organized your post/plan is.

Thanks for the advice—definitely keeping those points in mind as I search for the right deal.

In my mind if you have these issues if I was the seller I would let  you cancel and get your EM back  not your inspections and other things but EM yes.

New Jersey is a great place to invest especially if you are open minded to the idea of house hacking. 

Quote from @Anthony Dupre: @Chris Seveney Would you mind sharing a high-level overview of the structure your billionaire friends have set up?

Keep in mind that legitimate players here will usually finance you out of the deal as soon as they are able unless your terms are better than what they can get from trad financing. 

You need to make sure you understand every detail: how the lease terms adapt over time, what kind of negotiating room you’ll have when it’s time to renew, and whether lenders in your area are open-minded about financing these kinds of ground leases.

Keep in mind this is 2018-2019 prices. 

Quote from @Chris Seveney: Quote from @Jay Hinrichs: few things if these are sold to homeowners were the dodd frank rules rigidly followed when you did these.if they are sold to investors then DF doe not come into play.while credit and such matters keep in mind note buyers will want a 12 to 20% or more annual return..