I suppose it could be more of a semantic thing, but seasoned RE investors understand it isn't all about the unit #'s, especially when it comes to section 8.

Rates are typically in the 6's right now give or take.As for challenges, make sure you know if the proprety is rural or not because that will likely affect LTV.

I shot you a message but I do RM-1 s all of the time with my contractor and can give you some more insight.

It is essential that you consult with an experienced cross-border team including attorney(s) and tax expert(s) to ensure that you access the right advice!

There's a very good chance the issue(s) you face have already been discussed and answered.Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

I remember the 1st time I did that in my mid 20's and I was on cloud 9! 

I am speaking at a meetup in JC this coming TUE (9-24) called Elevate and then I run meetups the first WED of every month in Northern NJ, WED Oct 2 is in Fairfield.

It is a business, so run it like one, as @Tom S. said, start the process and follow through.Unfortunately you're in a Blue state so this will be more difficult for you, so yes get a lawyer if they don't respond immediately to your 'pay or quit' notice.Don't take any more partial payments, that will delay your case!

Both are on autopay, have insurance, keep their places clean, and are civil to each other.The upstairs tenant is a school teacher in her late 40's.