Transitioning from construction equipment rentals into full-time real estate must have been a big step.I can relate to your passion for finding deals and helping others reach their goals—it’s such a rewarding aspect of being in this industry.

Some jobs that help are by being a waiter at a restaurant or try getting a job in property management or something real estate related of some sort.

Are LPs entitled to see foreclosure, bank loan related docs?

What makes you an expert that the unit is in a great location & condition and the market is hot, relative to the property manager?

Best to call city hall for the town you are buying in to see what if any rent control rules are in place. see link below if you require additional information and call the Jersey City Landlord Tenant relations office. https://www.jerseycitynj.gov/cityhall/HousingAndDevelopment/...Jersey City CPI chart on recommended rent increases: https://cdnsm5-hosted.civiclive.com/UserFiles/Servers/Server...The state with the highest eviction rate in the country right now is South Carolina. 

Wow, that’s a tough lesson, but one so many of us in real estate can relate to.

Whether that's through the application/leasing process to communicating with owners and vendors in a timely manner to address anything related to the property. 

McKinney and Princeton have been growing a lot and it is a good place to invest, but it is always related to what you are looking to achieve in a rental investment, appreciation or cash flow.At this time that area does not offer a big cash flow and due to the amount of development going on there, rental demand has declined a bit.In any case you have to make an analysis case by case.

What are your Loan terms and P/I relative to the cashflow after taxes?

Happy to help with advice on anything cost seg related.