As such, third parties (lenders, brokers, tenants etc.) should sign contracts with the Management Company and not the Investment Entity to add an extra layer of protection for the Investment Entity against any lawsuits arising from those contracts.

My availability is not the same as everybody else's, so being told to man the phones is quite difficult. I

I would like to increase my cashflow by about $5000 extra a month.

Second, raising millions of dollars of extra equity upfront so that you can then redistribute it back to investors and claim 5% distributions, is fraud.

These extra expenses will probably scare them away.  

A good custodian will be there to support you and provide education every step of the way; you may find you don't even really have the need for checkbook control (also a good option to ensure you're being extra careful following prohibited transaction rules).

Any extra advice on other considerations would be greatly appreciated!

For sophisticated sellers with highly marketed deals, invest extra time in thorough due diligence.Next, assess the property's condition and estimate renovation costs.

I keep plenty of extra cash reserves to pay for repairs and maintenance.

It seems like New Jersey is not aligning with your expectations, especially with the rental laws, difficulty finding deals, and the expensive market.