Properties in flood zones are harder and more expensive to insure, which lowers their perceived value and makes them more difficult to sell.

However, if single-family homes prove financially viable, I’m happy to continue building in that niche.Since these homes and projects are significantly cheaper than my market, the risk is relatively lower for me and can do at least two at a time.The ChallengeOne of the biggest hurdles is finding reliable contractors and subcontractors in the area.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

If you are taking the tax write off, you are acknowledging you are paying the debt.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

I'm looking for referrals for a custodian, tax attorney, and a CPA to set one up and advise me.

Once it's rented, use that rental income to help offset your DTI, which may help you qualify for the second property sooner.Partner with Investors: Team up with someone to split costs and lower your personal DTI impact.

Mostly because the tax incentives are *insanely* good. 

Is the option government supplied insurance where taxes supplement the insurance?