They are more useful IMO for getting chunks of equity right off the bat thru value add and then either realizing that equity by flipping it and using for a down payment on something bigger or hold a couple years and then sell at that point to do that then. 

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”

I have so many questions though.1) Can anyone tell me more about series LLC and whether it's necessary to hold each property in a separate LLC2) What are your thoughts on a trust, rather than an LLC - advantages, disadvantages etc?

We are wrapping up our move over the next couple of weeks.

One solution I see some people do is to partner with another investor on a couple of deals where each brings something to the table...more capital, experience, etc.

The price goes from ~$400 to over $1000 for a couple of nights.  

Over the next couple of years, I don’t plan to use the property often, but I may stay there occasionally when it’s not occupied.

Couple questions for you, as I am an agent and aspiring investor.

You're local to me.There's a couple ways to go at this ;If you're looking to save some money you can have your plumber install sub-meters after the individual meters.

I have a couple clients in Canada and I can give you their information to talk to them and connect.