Tenant covenants and agrees to pay interest at the maximum lawful rate or eighteen percent (18%) interest, whichever is less, compounded annually, on all unpaid Rent, damages, and other amounts owed by Tenant, excluding late fees, from that date of Landlord’s final accounting until such time Tenant pays all such outstanding amounts.

If you need help with landlord laws, house backing strategies, or traditional MTR investing specific to New Jersey happy to help.

Of course just make sure to check with the town zoning laws on ADU's etc. 

If you're considering mobile homes, the first step is checking zoning laws and utility access since some areas have restrictions.For resources, Mobile Home University is a well-known starting point, and local mobile home dealers can offer insights on placement and financing.If mobile homes are allowed, you could either rent them yourself for higher returns but more management or rent out the lots for steady cash flow with less work.

For example, if the loan officer asks you what your monthly payments are and your mother-in-law moved in with you because she is struggling financially and you are paying her car payment, don't share that you are paying her car payment every month.

- The current low rent is probably to offset maintenance issues at the property.- Try to raise the rent and the tenant will give you a list of all the maintenance issues they want you to fix. --- They will offer to fix them in exchange for lower rent, but ask yourself, if the tenant has been living there for 25 years, why isn't everything fixed already?

It's usually the member/borrower's creditworthiness that is the issue and interferes with approval, not the LLC. 

Favorable Legal Framework for Foreign InvestorsGermany offers a straightforward and investor-friendly property market, with laws that protect the rights of both local and international investors.

Stick to the lease agreement and landlord-tenant laws—most headaches come from trying to make exceptions.

Because it's required by law