There are differences in the way cities execute this process.  

Joining Bigger Pockets hoping to accelerate my learning process and meet like minded individuals.

Low down payment with potential for huge rent increase year over year making house hacking very advantageous in New Jersey.

Scope creep is a huge problem and the more you learn up about the project up front, the easier it is to figure out what actually needs to be done and avoid surprises (or pass on deals that need more than you initially think): https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...I highly recommend building a contingency (I do 20%) into your rehab budgets for unexpected issues.

Breezeway allows us to easily organize all photos by room and generate a downloadable document for reference.Once a tenant moves out, we follow the same process to document the property's condition and determine if any amount needs to be withheld from the security deposit.Additionally, we require new tenants to complete and return a move-in inspection document within 3 days of moving in.

Section 8 comes with guaranteed rent payments straight from the government, which is a huge perk.

Hi @Lolo Druff, @Nicholas L. referenced my previous post about buying out of state - I've had mixed results in Indianapolis metro area, Class A (nice suburb, great schools) rental has done well but Class C has been a huge headache (repair costs, stolen AC unit, attempted break in).

Your extensive knowledge in flipping, contracting, property management, and private money lending will surely be a huge asset to the community.

The fact that you are making $85k/yr in net profit out of this property is a huge W.

Remain calm and professional through the process.