The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.

However, high property prices and steep NJ taxes mean you must carefully analyze cash flow.

If your guests are leaving standard 5-star reviews, that’s great—but if those reviews could apply to any rental in your area, you’re still competing on price.If they’re leaving raving reviews, your property becomes the go-to choice—at premium rates.

We are working with our property manager getting everything ready to go- we are just a few weeks out from going live (fingers crossed).

There's a map of all the properties listed on that site.  

The loan would be secured by the property.

My question is around property insurance and specifically what are everyones MUST HAVE COVERAGES. 

The key is to analyze occupancy rates, seasonal fluctuations, and what type of properties perform best.

I have one property that is a 4plex in Carson City, NV.

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date.