-Detailed inventory and inspection of owners property (this is done for LTR also, but few LTRs are fully furnished and outfitted). 

The difference is investors make offers direct to owners.6.

I'm an investor and property manager company owner. 

You have to be an active manager and many current owners are not wanting a second job and are selling.

It currently has a renewed leased tenant for a year @$1400 a month (the owner of the property rented it out to workers at an under-market rate but could easily get $1500-1700).

New Jersey state law allows for owner occupants to have much more freedom. 

I'm a CT based investor, flipper and property management company owner.  

I think your correct though folks have to adjust to the new normal and the interest rates they are not coming down like folks hoped for I think we are in for a run of years were rates will be more like the 2000s  6 to 7% and Owner occ in the 5s with Maybe some high 4s. but by the time folks wait for that prices will rise in the better markets.

No one knows:(It could take a week, a month or more than a year of constant followup until an owner is motivated to sell. 

Apparently a lot of times the owners have more games than their floor can handle and/or have underperforming games that they can sell you.