I’ve attached a copy of my analysis—could you please take a look and let me know if there are any issues or if my approach seems solid?

🎉 A $300/month positive cash flow is a solid start, especially after house hacking.

I’d be happy to connect and share ideas on building a solid plan, like assembling your CORE 4 (agent, lender, property manager, contractor) to help streamline your journey.

This helps minimize upfront work and risk, and rental prices are appreciating.The key is investing in a growing market with strong neighborhoods and building a solid team.

Not in all cases but more often then not.Additionally you have to have solid management who is checking on the property at a minimum once per quarter as many times I find these tenant don't always report issues timely.  

It’s one of the strongest cash flow markets in the country, with relatively low property prices and solid rental demand.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

You can try small claims court, but nothing is enforceable, so it is mostly a waste of your time...and some of the problematic tenants know this.I agree with Jill, if they do make payments, take cash or money orders-no cheques.

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.”

Only wasted time and many prospective buyers in the mean time.