BRRRRs are not simple.  

Looked at the product features and saw this:Start your Airbnb search optimization with a set of simple tools.

Our net operating income (NOI) margin is 54%.

That’s how much you have to spend on 1-3 replacement properties (to keep it simple)2) How much equity do you have in the property?

The less conservative is: operate as a finder or co-GP but with very good, conservative counsel to keep everyone in the clear.I recommend you read up on "disgorgement penalties", and make sure the sponsors that are recruiting you have done the same, before jumping into this co-GP/Finder ship.

I forgot to mention the chimneys/fireplaces are not operational and will only be kept for cosmetic purposes, and I don’t want to spend the money to completely remove them.  

I think I'll just sell to cash buyers to keep it simple.

Is it not true that when you lease your property to an LLC and have the LLC manage tenants, you create a legal barrier between yourself and the property’s operations.

By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

If you want to house hack in Northern NJ its simple, I am the go to realtor.