But you can get in the game for sure at 75%/80% LTV. 

This game is hard enough without shooting yourself in the foot. 

It’s a new game now.  

I would never have filed complaints against him if he had responded to my e-mails.I knew this whole time that Justin and his customer service were on purposely playing games with me since they started answering my e-mails right after I filed my complaints.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

(Here's how we keep it all straight.)Project management software (Asana)-> Order of operations-> Responsibilities -> Deadlines-> Notes-> SOPsDaily Contractor Check-in Calls/Texts-> Roadblocks-> Resolutions-> ResultsIn Person Walkthroughs-> Our Property Manager-> My Business Partner-> Our Realtor-> MyselfHow do you drive results for your renovations?

Get a good accounting software to track everything.

Are others playing the long game and hoping for appreciation or is there something I’m missing with the economics of North Jersey?

But you won't know until you take that first step.To use a basketball analogy, you're dreaming about playing for the NBA when you haven't even tried to play a pickup game at the Y.

By forming a property management company, you could deduct business expenses like office supplies, software, and possibly a home office, which you wouldn’t otherwise be able to claim.