Nowadays, code in NJ is something like an outlet on every wall and no more than 6' apart --- so a 13' wall requires two sets of outlets. 

For example, if you think a property would be worth 500k after rehab, and it needs 100k worth of work, you should purchase it at no more than 250k.

In the mean time, I removed the LP heater and the leased LP tanks, so there is no more gas used in the place (so the CO part of the alarm shouldn't be an issue) and installed a mini-split heat pump in its place.I hadn't heard anything from the tenant but, when they moved out last week, I saw that they had again disconnected the alarm in the bedroom.

Imagine the rest of the year goes by now with no more repairs.

The city has now put ordinance in place for STR less than 30 days and so that is why I'm leaning towards MTR to have more occupancy no more than 6-month lease, and less turnover. 

And I do believe this industry needs restructuration in term of the length of financing being offered, maybe by 2033 there is no more lending offering 5 years loan, everyone is offering 15 years loan for CRE.

I would say no more than 1 out of 6-7 people I speak with execute contracts or collect insurance certificates from 3rd party service providers.

Hoping to put no more than 60k cash into the first deal (ideally less), and looking for the strongest appreciating market possible.

This mainly means that it is close to transportation and no more than 30-40 minutes from Manhattan (I work in the city), and has good parks nearby to run/cycle.

The stress of it is making hotels seem quite appealing to lots of travelers and after one horrible experience (for example, weird cameras in unit, or weird owner, etc) many are saying "no more Airbnb".