Our LTR lease is nearly 18 pages long, not including the additional riders for mold, radon, lead based paint, etc. 

I'm also based in NJ and love to discuss all things NJ RE. 

It's good practice in making the calculations needed to decide whether or not to pull the trigger on a potential deal.You soon learn that starting off as a Doctor is less advantageous than starting off as a Janitor, because the game presets your income and expenses based on the job title.

The lender lent based on them being one thing which secures the debt.

I  took over a mature company that had an investor base that I think average age had to be 65 to 70..

Given the nature of small towns, we have personal relationships with multiple members of the board which we believe positions us well for success but of course there is still uncertainty.

If you use different sources it will be difficult to calibrate the different scores, but think of it as a percentage of the max available score.This particular score seems to be based on an applicant's credit history, including payment history, credit utilization, and credit availability. 

Rental property is extremely tax advantaged based on the current tax code.

So it became a long-term action of repeating that cycle to achieve decent LT tenancy base. 

Your advice about understanding the underlying accounting and how the numbers are generated is an excellent point—I can see how that would help me identify any gaps or inaccuracies in the financials.I also really appreciate the insight on how T-12s differ based on the number of units.