Mold is everywhere, but there can be a health issue if readings are excessive as compared to the control sample and as compared to what is considered a normal indoor fungal ecology.

Run some amortization tables for your self with a fixed rate for differing length of times.You will be shocked that the changes in the mortgage payments and the effects on your ROI.Ask your partner what's the advantage to creating excessive equity when that money could have been put to work elsewhere?

I like an excessive use clause.

They agreeing to findings.2. complete repairs found by inspection and deduct from deposit3. clean carpet if they don't provide a receipt from a local, professional cleaner which is the condition they received it in. deduct from deposit if they didn't.4. if a pet was allowed, they must turn in a receipt showing it was treated for fleas. if If they dont it comes out of the deposit. if any damage from pet they're given an estimate of repair and sign an agreement that they will pay any excess not covered by deposit.5. touch up painting as needed, filters changed, fire alarm batteries updated.6. get keys from tenant and change locks. old locks go into inventory to be used in other properties.7. return their deposit with a letter documenting what expenses were paid out of it and a notice that they are welcome to return if they were a good tenant. they can use the statement for their future landlord as well. if they were not a good tenant, they go on a do not rent list for future reference with a copy of mive.iut inspection signed by them indicating damages and/or non-compliance behavior.

NJ building costs will sound excessive to those building in some other areas of the country so i advise you to weigh  local advice on cost more.

Parking excess cash in a property is buying cash flow at a cost of $2 for every $1 returned and is at risk if the markets turn. 30 yr mortgage's and investing cash outside of real estate will generate maximum income if you are not interested in purchasing additional properties.. 

The smaller your market the more it makes sense to have a couple skill sets otherwise you could go through some long dry periods.  

You float the room with it and when it dries you have a level surface to tile.  

Charge the tenant for th ecost if that was the case.If damage is excessive go through insurance for repairs otherwise avoid making claim.

Disaster mediation company from 30 minutes away was at the unit two hours after the break with equipment to remove water and start the drying process.