I understood that as a landlord you have an obligation to maintain a safe and fully functioning structure for your tanants. s this the not the facts here in N.C.?

And the largest buying demographic today was 20 years  old when real estate peaked last time.  

Fred Trump "lent" the Donald two things1- $58 million in cash, as an inheritance2- His signature as co signer on a loan, when Fred was the largest residential landlord in NYC.So if your dad gives you $58 million ($300 million in today's dollars) and is willing to co sign your loans, and is the largest residential property owner in the largest city in the country, then yes, don't listen to the naysayers, just "present yourself well" and you'll be all set.

So, I'm basically acting in a wholesaler function.

Jen Anderson , in regards to the property, NJ is a very large state so saying it is 35 mins away does not give a good idea of where it is and there are some developers that only focus on a specific county or even town.

What is the exact job functions of the VA and would they work on commission?

I am currently a full time employee for the largest chemical company in the world.

I know there are institutional funds (Blackstone probably being the largest) but haven't found any that would make sense for the high net worth individual investor.

I worked as land manager for one of the largest home builders for three years just prior to the crash, but was only responsible for property due diligence, and construction of roads, utilities, and site work for large projects; not individual single family home rehabs or individual / small scale new home communities.  

Philadelphia is the 5th largest city by population, and by area, is also very large.