In the end the COURT which has the case in front of it, whether State, Federal or Bankruptcy, will determine which law applies, regardless of what the Trust document, and now even the DAPT Statute itself attempts to establish.

Long leases only benefit the tenant....it may make you feel "warm and fuzzy" inside thinking you have them locked in for multiple years, but the bottom line is tenants will leave when the want/need to.....and you may have a case in court, but you will rarely see that $$.....And when that tenant becomes a nightmare, its a much bigger burden for the landlord to have a justifiable reason to break the lease...one that would hold up in court.So ALL the benefit really goes to the tenant.....not the landlord...so I don't see the upside at all....in fact I only do M2M...... worst case is I give them 30 day notice than I'm not renewing.....

This may not be the case in your market bc well you know I'm in California.

Case in point, my long time acquaintance who had every advantage in life, while I came from a poor family.

Garage work was performed although no receipt was provided therefore I cannot validate if the work was performed by a licensed professional.Does the sellers agent make a valid case in keeping my earnest money?

I am almost positive that is also the case in NJ.

For the current condo like @Clayton Mobley said, you need to purchase at least as much as your net sale (contract price minus closing costs or around $300K in this case) and you need to use all of the proceeds from the sale (the net sales price minus mortgage payoff or $175K in this case) in your replacement purchases - if you want to avoid all tax. 

It really comes down to being educated about the potentials and risks of RE in general and a given niche (apartments in your case) in particular.

It's a similar case in most other parts of the world. 

But that was usually the case in most markets.