In theory they should've seen / known about the violations before the city got involved.

Become a member and get involved.

It really depends on you and how involved you're willing to be, especially if any of your current at-large operators don't work out.

I am also eligible for the Section 121 exclusion for this transaction.I received two 1099-S forms from the title company: one reporting the cash proceeds (box 2 for Gross Proceeds) and the other showing no amount in box 2 but with box 4 checked, indicating the transaction involved a 1031 exchange.

@Sidney JohnsonReal estate investing in New Jersey is a diverse field with various market conditions.

Plenty of job growth, plenty of population growth, diverse economy, newer homes, landlord friendly, and so many other factors. 

Maybe something Texasthemed or even Waco specific involving the university or the Silos, or aspecific theme for the house to name it after.

Also interested in getting involved to learn more about this area and investing.Any and all advice would be appreciated, TIA!

Everyone is looking for a short-sighted win of getting a monthly dividend or payout, instead of becoming deeply involved to help the company 100x the revenue in 5-8yrs while maintaining 50-60% margins.

Alternatively, buying a Midwest property and house-hacking a duplex in Albany gives you two properties but may involve more management complexity.Waiting a year to build more equity while keeping your cash flow intact is the safer option, but you risk missing current opportunities.