If you can shed light on part two - does anyone have any recommendations for a good NJ place for a cash out REFI?

Equivalently, it is the discount rate at which the net present value of future cash flows is equal to the initial investment, and it is also the discount rate at which the total present value of costs (negative cash flows) equals the total present value of the benefits (positive cash flows).Can you shed some light on how you calculate the IRR for your rentals?

And while I understand that a home inspector might not be a state or town code inspector they may be able to shed some light on safety concerns.I did run into this a little bit last year when buying my primary residence. 

Can anyone shed some light on this?

The free-standing building is can currently be used as a garage or storage shed. 

@Adam Nishikawa Should be able to shed some light on this for you.

The unluckiest young people go through life never shedding this mentality, always avoiding the appearance of failure, always avoiding anything that looks like risk.

We have had a guest burn down a sauna and shed, forget to leave on the day of departure (twice, both resulting in forest ranger searches, ugh).

It was a struggle at first dealing with bums living in the shed stealing electricity from my house.

The second exception is really just a specific extension of the first.The (standard) lease we use covers the dwelling, the grounds, and any outbuildings such as a detached garage or a shed.