As you get larger, you can typically get better management fees, but you typically won't shift from a flat percent to percent + payroll until you get closer to the 40-ish unit range.

I appreciate this alternative perspective @Zeona McIntyre!

The 65 year old lady that was struggling though her shift at Lowe's was cutting my blind.  

I can definitely see how going 100 miles south towards San Diego can give me greater perspective into out of state flips.I can agree to disagree that the best contractors are not found on yelp.

When you go to sell, Montvale requires a certificate of occupancy so this issue has to be resolved in advance of a sale.Although I am not a lender, I assume you will not be approved for an owner-occupied mortgage on 5-units if it is a legal 4-unit without some type of mortgage fraud whether in reported rents, units, or another legal document or representation (very very large issue from a legal perspective with multiple arrests in the last year for anyone playing fast and loose).As far as the DCA, I would recommend coordinating your work with the city with the DCA.

It's always a personal choice everyone has a different perspective.   

It’s great to hear your perspective on appreciation versus cash flow—it’s something I’ll keep in mind as I refine my strategy.You mentioned local meetups in Northern New Jersey—do you (or anyone here) know of any good ones closer to Somerset or Middlesex counties?

Hi Y'all:I'm exploring the possibility of getting into Transactional Funding and would love to hear your experiences from both the lender and borrower perspective.

Leslie, sounds like you approached it more from a management perspective or returning guest.

Should you decide to shift your requirement focus the above suggestions would be a good place to start.