These two concepts are separate from each other.

I had a couple questions if anyone's willing to weigh in:1.

I also hold a couple of real estate forums in the area for people like yourselves to connect with service providers, GC's, etc. 

i understand that's very general and each is a case by case basis; we've viewed a couple of them.

Purchase price: $74,000 Cash invested: $25,000 Sale price: $145,000 I acquired a property from a couple needing to relocate, with significant repairs required.

Quote from @Nathan Gesner: There were a couple experienced investors on the forums that loved to tell everyone they could manage a short-term rental in just five minutes a week. 

The only caveat to that is if you have the ability to turn it into separate units I.E. having a 2/1 and 1/1 instead of a 3/2. 

To offset costs, I’m planning to buy a duplex and pursue a house-hacking strategy:1.Rent out one unit as a long-term rental.2.Live in the other unit and rent out the bedrooms as short-term rentals (STRs) through a furnished rental approach.Before diving in, I have a couple of questions:1.Can I use a property for both short-term and long-term rentals?

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”

Try a couple of free trials and see what clicks for you.