For the sake of clarity, I am using simplified round figures...

In fact they have a starter program which I am using on this first deal.  

Personally, not in my risk bucket if I am using leverage.

In reality, I only accounted for $8,830 of depreciation.I am using Turbo Tax.  

I have a SFH that I am using as a long term rental property.  

I have no problem with deligating the work to subordinates, I am used to just controlling the bigger picture, I have done research on various avenues in residential clients, so far development side is what interests me, then second is restoration.Maybe we could work together, I have the crews to self perform they are available per job or per hour, maybe it is much cheaper for me to do a JV rather than me getting the franchise.

Nicholas, I own a 200+ unit deal in Dallas and happy with my management company I am using.

I am using a mentor at the moment who is really pulling me through the process. 

Purchasing at asking price would mean PITI would be less than half of the high end range I can get for rent, from my research this is very hard to find in Jersey (Jersey taxes are high).I did not do much research for the agent I am using, (in fact the agent I called sent his partner to show me the properties), I merely am using them to show me the properties I found.

I am using the comps to identify if its a good deal.