my main concerns are (1) this property has substantial deferred maintenance that you're not aware of, and (2) vacancy and turnover will be high, and together those factors are going to consume all of the cash flow for several years but, it sounds like if that's the case, you're going to back out. 

From the initial notice to the actual eviction, this can be complex and time-consuming.

That almost defeats the purpose of trying to attain wealth.Regarding having a small business, you may be eligible for different types of retirement accounts, deductibility of health insurance and other things.New Jersey also has a complex tax system - It may be worth while to work with a CPA in the tri-state area.

I originally came from the consumer finance and "B, C, and D Lending" (now non-QM), then migrated to commercial banking before focusing on real estate investors (we don't like to say "hard money")...so I actually have a lot of experience in what you're trying to do.

We obviously supplies consumables.

Going solo may offer potentially lower costs and more control but brings challenges like time-consuming coordination, potential delays, and warranty complexities.

Getting a flood plain map modified can be both expensive and time consuming.

Tom Wheelwright’s WealthAbility is a full-on SCAM with shoddy ‘business practices’ that needs to be investigated for consumer fraud!

Getting quotes alone often requires multiple calls, and as consumers, we haven't experienced the level of service one would expect.

Somehow I'm not sure "Frat House" is going to work with consumers, lol!