Hi Elizabeth, BiggerPockets has a Featured Property Management Finder, which can be a good way for you to find some local experts to initiate conversations with.

Although I'm not based in NJ, I would still recommend getting the initial paperwork going. 

Adding a 5-10 unit will increase your expense exposure initially until you raise rents to cover costs. 

$60k initial estimate, 71k final costs.

Just curious, do you charge an upfront fee for an initial client consultation? 

With an ARV of $400-425k and an LTV of ~62%, pulling out your initial investment while maintaining positive cash flow around $500 per month sounds like a good strategy.

We are very thankful this happened as this initiated our love for real estate.

But, this doesn’t reflect the fact that the initial investment decreased from $100 to $50 over two years.The flaw with ARR is that it doesn’t take into account compounding or the actual sequence of returns.

The steps initially appear pretty doableFind the propertyRun the numbersGet the financingMaintain the assetRefi once stableMy concern is in the exit strategy.

Im wondering if there's anyone who can help advise me on this process or the initial steps I should take.