Preparation includes how to avoid bears, how to respond when you see one, and how to defend yourself if they attack (bear spray, a Sig Sauer P220 in .45 caliber, a hatchet, or a sharp knife).

In NJ Title 45 Chapter 15 clearly states what actions require a license.

Need help.....I can't sell house in Allen, TX for 45 days now ( priced good and remodeled  ).

You just need to run this through a filter and see if it makes sense to control an asset with zero bank involvement up front...and assess what structure of the deal takes on.I just offered on a 6-unit last night...and usually keep consistent opening terms for debt-free properties: 10% down, pay sellers closing costs and all document prep fees, pay realtor commissions, at or near list price (if it makes sense), 4-5 yr balloon, 30-yr amortization, 6-7% interest.  

the best is when you find a retiring landlord wanting to dump his portfolio and willing to do seller financing with a low down payment ( 10%)and low interest 4-5%

@Lisa Schueneman I sent you a message about 45 minutes ago.

If we deduct the monthly loan payment of $328.18 from monthly expense of $890.68, it leaves us with $562.50 which is 45% of the income $1250. 

Once Property 1 is paid off (again, using rents and personal income), cash out refi or HELOC equity from property 1 to buy prop 3/4/5 etc or target multi-family.Wanted to target producing 5-7K in monthly cash flow within 10 years on as few properties as possible.

Bought for around $700K 4/5 years ago a few blocks outside of Union Square. 

More conservative lenders may cap DTI at 45% or even 43%.