What formula is used when calculating price of property + property taxes + expenses and upkeep - what property will rent for = monthly cashflow?"

New Jersey is not a horrible state for investing it is more so certain towns and cities that give NJ a very bad name. 

With the exception of building a trailer on the property (these are hard to finance), this sounds like a good plan AND if you are using it for your business AND your business pays more than 50% of the rent (if you have more than 1 tenant), then this is a more financeable property in the eyes of banks and credit unions as it would be consider a commercial "owner-occupied" property. 

DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used.

issued guidance saying that you can use LLCs if you get approved to do so.

However, our goal is to help 100k investors obtain financial freedom - hence the reasons why we provide many videos, podcasts, programs, and services to help with this journey.Unfortunately, we cannot promise that every deal we help you get under contract will close.

I had this exact conversation with a borrower just a few hours ago, and it surprised us both.

So hence the cowboy house was born out of this and this was one of our more fun projects!

I deal with a number of CA investors that take this same approach. 

To get consensus on anything in an association, well with just 4 dead-lock would be the norm.