Great point about turnkey properties @Kerryanne Henry I see that happening in Jersey City as well.

@Michael Henry I know!

Just listed a property there a few days ago I put under contract last Sunday.Worth a shot, Henry

Thanks for your response Henri, we buying it for value add then cash flow.

I posted the question here in the hopes that either a) there are attorneys that follow this thread and would be willing to consult with me on this subject in return for a fee, or b) there are others on BP that could at least refer me to an attorney who might be knowledgeable on the matter.BTW, I did leave a voicemail message for Henry Rappa on Monday, but he hasn't returned my call. 

@Henri Meli, looking for every scenario you mentioned above.

Originally posted by @Henri Meli:@Cameron Ysidron I'm assuming you performed an in-depth analysis of the numbers and they meet your actual and realistic goal.

It's also important  @Henri Meli mention to understand how to analyze the different asset class that you'll be choosing.

@Shun Henry, make sure to check the zoning for this new house.

@Henri Meli way to go!