Throughout my career as a real estate investor and CEO, I have learned valuable lessons on maximizing the potential of each unit in a property.

Off grid sounds cool to some, but it really limits your potential guest pool.

Here's a detailed guide on how to screen applicants: Application Screening Guide 

You can go as low as 2.5x in some cases but NJ tends to produce enough traffic/applicants where 3x should be minimum unless property is over priced.

The investors get much more profit out of the property.Recommend having a very open conversation with your FIL, expressing your interest in potentially taking over the property from him.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed. 

The behavior is a bit off, but not surprising for a mom & pop landlord.We tell our residents exactly what we need from them for the application. 

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.

The leads I'm getting for potential tenants are not the best.

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.