I live in New Jersey and would like to make this a medium term rental.

Unless you have evidence the tenant caused the crack, you are out of luck.It sounds like there should be a bead of caulk between the sink and the wall to prevent water from seeping down.It also sounds like you should inspect at least once a year so problems like this don't go undiscovered for so long.

After we bought our first, we worked with the builder to buy four more from him.

Nice I have worked with a ton Canadians in the past! 

It was the worst house in the best location. 5 acres just above a lake outside of a desired town.

Hi all,I am newbie in RE investment and closing a 6 unit multifamily this Friday.

Painting and floor installation and new kitchen cabinate.

Therefore, it sounds as if this also goes hand in hand with creating a new partnership return for every LLC unless they are single member LLCs.

How where you able to buy a house w a  cc?

Ricardo, welcome to BP, this is a fantastic starting point in your investing career, I have been a podcast listener since 2011 and have learned an incredible amount.