You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.  

I highly encourage everyone to view the property before putting money down, but that's not ideal for many of them, so I do allow them to rent "sight unseen," but I am very open with them to ensure they don't show up and back out.1.

I am out of state and the only way that I feel that I can get people to walk through the properties are if I find them on market and have Shawna write up the offers. 

This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.

I've lived in other states throughout the country and each has its pros and cons but NJ does offer a lot and is a great place to live. 

@Chris Kay finding a quality, cost-effective contractor is extremely difficult:(There are thousands of contractors that are great talkers, but rarely perform within budget.Standard bait & switch is to lowball a bid, then once they get started all sorts of things "pop up" that somehow their bid didn't cover.

The Democratic bill proposed seems to offer funding to landlords while the Republican bills offers landlords nothing. 

Jobs are always a good indicator of growth areas especially good high paying jobs.

It was high rent, low entry point area but within 6 months I dealt with an eviction and electrical issues.

That looks to me like $200-300 too high for the current rental market.