Do NOT buy more house than you can comfortably buy for the sake of potential future revenue.    

The potential renter is asking about possibly renting to own.

It's only 110V but would be nice on the property advertisement for potential tenants.

If you don’t know how foreclosure and pre-foreclosure work, you could be missing out on some potentially great bargains on investment property.

If I was to talk with all of these potential investors.  

That was done so as not to tip off potential targets of subpoenas and lawsuits.

Your biggest potential obstacle in NJ is your tenant since it is a Tenant friends state.

Are vacant properties in Texas a better investment compared to other property types, considering factors like acquisition costs, demand, potential appreciation, and holding expenses?

Generally there is consensus that DSCR Lenders can only offer a 1% prepayment penalty for up to 3 years in MI, but some lenders have recently reportedly been flaunting this rule - I would just tread carefully here in this area, generally not advisable to get potentially tangled up in a flawed legal doc with a non-sophisticated or fly by night lender

As far as financing, I have considered  1) an FHA loan with a cosigner, and 2) going off market and approaching many owners about potentially seller financing.Any and all feedback, advice, and info on potential pitfalls would be appreciated!