It just runs and runs with regular cleaning with cleaning descaler tablets 2x a year.

Glad Scott is addressing this head on and sorry to hear it came to this. https://www.biggerpockets.com/users/wealthelevator This is like financial PTSD. 

Typically I would just run it through my name but there are areas of ohio that target out of state owners if its a single family and will send you fines and violations  for every little thing. you also should talk to your attorney and accountant on how it impacts taxes

I assumed once I signed the contract, I owned the property, just land at that point, and have a contract to build the quad.As for if they run out of cash at 80%, I could close the gap if absolutely needed but obviously that isn't the goal.The builder owns the entire development, minus the handful that have/being built, so they have a vested interest in this working, they want to do it a couple of hundred times at least.

I have it stuck in my head that if I want to scale to a reasonable portfolio, it’ll be tough to do that in NJ with how high homes are priced. 

You have to know how to run it properly.

That being said, I buy run-down fixers that will scare most investors off in good neighborhoods. 

Here’s the deal (pun intended):Run the Numbers: If the deal makes sense on paper—cash flow, ROI, and all—trust the math, not just your gut.

There have been quite a few "hot-headed" investors who came through and were unsuccessful.

I think there might be really good opportunites to hit HOME RUNS in PL!