Plan to extract the $100k in equity for your new house, then ignore personal residences.Look for a portfolio loan in the amount that DSCR is about 1.25 or even 1.3.

This is something I just couldn't ignore!

I have never rented in Hoboken but it is difficult to ignore all the "for rent" signs on every single block lol.

Here's a photo of the area(please ignore the bricks/construction items, they were there temporarily during renovations and are being removed).

An investment portfolio benefits greatly when it includes asset classes that are not correlated to each other.Benefit #3: Private Real Estate is Tax EfficientInvestors who focus solely on an investment’s underlying returns and ignore its after-tax yields don’t recognize a big benefit of real estate investing.

I have done that for 15+ years, so 'red flag' is a bad way to describe a business practice that some people don't use (possibly out of ignorance) and for others is (practically) standard practice. 

We are so new to this so excuse the ignorant question, but can we hire a GC to walk through the property and give us an estimate of what they think materials may cost and then use this to rehab ourself?

Let's assume in 10 years, via accelerated debt payments, we completely pay off all of the mortgages and, ignoring appreciation, leaves us with $2m in assets.

I have a tenant that is ignoring my attempts to contact, his lease ends tomorrow, he was given 30 days notice that lease will not be renewed.

Please excuse my ignorance but what is a PITA?