@Nicholas Cavato Purchasing with an FHA loan as an individual offers lower upfront costs (3.5% down), favorable rates, and better cash-on-cash returns, but requires living in the property for 12 months and cannot be issued to an LLC.

As for gray areas in contracts, the courts will almost always find in favor of the party who did NOT write the lease.  

Markets in the Sunbelt—like Birmingham, AL, or Chattanooga, TN, for instance—offer far more favorable rent-to-price ratios, so you’re more likely to find cash-flowing opportunities there than if you constrained yourself to NJ.You also make a good point about the BRRRR approach.

These are more favorable locations, even better than being close to Temple IMO. 

If you are planning on investing $80k that is a great start for a down payment and is enough to get very favorable rates on a loan.  

Wholesalers typically do not carry Errors and Omissions (E/O) insurance, so even if the court rules in your favor, they might not have the financial means to compensate you.Furthermore, ensure that a reputable title company handles the transaction, as some companies may cut corners.

Quote from @James Kerson: @JD Martin There are legal and practical factors militating in favor of keeping guided tours, no question. 

However, if managing a rental doesn’t appeal or if the market conditions favor selling, selling could fund a larger down payment on your next home and keep things simpler.

To start your first BRRRR investment, define your investment criteria, focus on submarkets with favorable cash flow and rehab costs, build your team, analyze deals using tools like BiggerPockets BRRRR calculator, and start small.

We've been happily shifting away from catering to traveling medical professionals in favor of larger groups of either families in a insurance relocation situation or a work crews coming through.