We think the tenant might have purposely caused damage to the unit.

However, solo 401ks are exempt from UBIT caused by UDFI even as IRAs are not.

If the latter is your issue, you're not equipped and you're going to tap out in whatever market you invest in at the first sign of adversity cause you're weak.

NJ is also a just cause state so to terminate the lease you need to have a reason, not sure if that applies to month to month tenants.

Giving your sister 250K of his equity and removing you from co-signing responsibility sounds great for you and your sister, but actually seems harmful financially to your nephew.

This is causing unnecessary distractions and taking away from your ability to focus on the action items that matter most: building meaningful industry relationships and sourcing investment opportunities.

Unfortunately, Colorado has just passed HB 24-1098, the "just cause" eviction bill, which requires landlords to offer lease renewals to their tenants unless one of a few specific criteria are met (if the property is going to be sold, substantially repaired, or renovated, or if the landlord’s family plans to move in - but basically you can't put it up for rent to anyone else for at least 90 days).

Building permits, a leading indicator of future construction activity, were up by 1.5% to 1.80 million units.Rent costs rising over the past few years could finally be hitting the consumer's wallet in that they are becoming weaker and unable to afford higher rents.Also, looking at the housing starts data, new supply may be entering the market finally, causing prices to drop as consumers have more options. 

Not sure about NJ, but in Florida, you have to have proof that the tenant caused the damage. you are claiming on the deposit.

If you invest in high quality areas, usually PMs are even more interested in working with you cause they realize this is a really amicable fit.4.