In north/central NJ, 95% of serious arms-length real estate deals (i.e. not wholesales or  family/friend), attorneys will be assisting.

On balance I have made way, way more money from appreciation that I ever did from cash flow.To me the most important consideration is to always have money or access to money, never be forced to sell.

So in general, to outsource forces being a Landlord. 

As prices increase, fewer people can afford to buy homes, forcing them to rent.

I used 7/1 arm provided by builder. its 5.25 with 30% down payment

My understanding is in Jersey, the owner has a set period of time where they can force the property to go to auction.

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

If you are a buy and hold investor and have no plan to force equity that is a different story.

The interest rate is nice, if there was a way to increase the cash flow to ~15% or greater COC you could pull a HELOC on the property for 9% and collect the delta.again though, i would suggest selling it and trying to lock up a property or two with the proceeds that required some sweat equity, force appreciation through a reno, rent it out, refinance and repeat (BRRRR)

We'll lose money for 75-90 days but the new rent is market so some will stay and not forcing people that can't afford it to move in the middle of a very cold winter I think buys a tiny bit of good will and is the decent thing to do.