It is my belief your current situation is not a bad position (it is a goid position that will improve with time).  

I'm doing quite a bit myself but the cast iron part is a job bigger than I can handle.Any recommendaitons for rough-in plumbers in NJ and willing to travel about 15 miles outside of Newark?

.- Most contractors will cut corners, or worse, once they figure out they won't be watched closely:( Your job will also go to the bottom of their priority list.Monitoring progress is relatively easy: hire that same inspector to go by weekly or before any payments to take a VIDEO of:1) What was done2) Quality of workmanshipOne other thing you didn't ask about, payments to contractors.- They all want 50% down or as much as they can squeeze out of you. 

That is my day job.

The potential liability from having someone do a job they are not licensed to do far outweighs the cost-benefit.

A client of mine recently invested there and raves aboutt the ease of finding solid contractors who stick to the budget.One piece of advice: before jumping into any market, spend time understanding the local economy, demand drivers (like job growth and population trends), and the landloard laws.

STR it will cost you big.this isn't a difficult job depending on the fridge location.

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.

well thats part of the job  checking out your collateral.. :)  

Quote from @Jonathan Grzeszczyk: Soon I am taking a job with a wholesaling company on the acquisition side of the deal.