You must inspect every unit for a variety of reasons. 

Educational Systems that have a clear learning path of instruction (curriculum per-say) and cover, without bias or prejudice, a variety of aspects within the Industry should be embraced and not bashed as I have seen in forums across the spectrum IMHO.Webinars, Forums, Books, Podcasts and Spreadsheets all have their place in the knowledge arena, as when you stop looking for knowledge you are pretty much done, yet I do question the timing of each in an individual’s learning curve.Now I know there are individuals that don't believe Real Estate can be a risky business, and I tend to strongly disagree with those individuals, but in the end...the more you know, the more you allow yourself to grow and the more tools you have available to you when the time is right...the better off you will be in anything in the long run, not just Real Estate.

Numbers can quickly go in the wrong direction for a variety of reasons.  

Probably in the least this is a 400K project but you're in Jersey so it's got to be much much higher than it would be here in Kansas, unless you're buying slum low down junk that you shouldn't be looking at anyway.This would be a pretty lengthy and involved decision and you would need to have a lot of knowledge about a wide variety of things to even approach this kind of project.Most people will probably try to help guide you in some fashion and by all means please don't think I'm trying to be negative or have a mean tone to my text here.

Steady employment and a variety of employers are a large contributor to the economic health of the area and real estate.

It does depend on a variety of factors including what deductible you choose and what coverages are available for that area. 

I have a great resume with a lot of good experience in a variety of fields.I would love a job working for a real estate investor or a real estate investing company.  

The 1% rule is a rule of thumb and should be adjusted up or down based on a variety of factors and experience.  

When you get that bonus and refund money, you'll have an emergency fund - keep that for a rainy day.Keep reading here and listen to all of the podcasts, they are like short courses on a broad variety of investment strategies.

But you’ll find a variety of every type of investor on the site, and everyone is amazingly helpful.