Which areas of NJ are you referring to? 

I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

Quote from @Pavan Kumar: Quote from @Kyle Mccaw: @Pavan KumarWinter is indeed tougher for rentals, but taking your listing down isn’t the solution.

If you're still looking at this property, I noticed the reference to "LIHTC" on your report and that the property is only 9 years old.

Offer to buy them a few indoor portable heaters until you find a solution. 

Most of my investor clients considered properties over 1% rule as reference.

Invelo is a true all-in-one solution for real estate investors, built with industry-proven best practices.

For future reference, what @Charles Carillo said is very good advice.

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Best regards, Vanja Dimitrijevic.1 - Opting for a cash-out refinance is a more permanent solution and generally offers better terms compared to a HELOC.