@Roger CreekmoreMini splits sound like the best option from the cheap seats. 

Quote from @Benjamin Sanders: Hi all,My wife and I made a last-minute offer on a rental property in New Albany that is in a flood plain.

any suggestions on how I should compare these 2 options?

Thank you all for taking the time to offer your advice.

You should ask them how their other creditors handle their payments.I used to offer 5 or 10 day grace periods such that rent was due on the 1st, but no late fee until 10 days later, then I reduced it to 5.

With the capital and experience to offer I've seen this work well as a joint venture.

That doesn't surprise me about NJ, knowing what I do as a person who's lived in the tri-state area for 25+ years, especially since becoming a father and coming to truly appreciate what NJ has to offer offer.

It had been listed almost a year when we made an offer.

@Stan Mendoza There’s a ton of great info on here but a good starting point is understanding your financing options, getting familiar with the different property types, and learning about the area you want to invest in.

good area to buy. would love to discuss if you are looking for financing options