And as mentioned solving problems 4-profit, there is a LOT of $ out there from other high net worth people that is desperate for a good manager.

I think you are doing some things that are not required.You didn't need the LLC to start off with.You don't need to build a websiteYou mentioned needing to work on your credit score.

At a minimum,  you should understand what the current zoning is and what restrictions there are.As the post above mentioned reaching out or going in person to speak with the planning and zoning department will be very helpful. 

I work with a lot of MTR investors and what I am seeing frequently with multifamily acquisitions, particularly with new investors, is that they often test the property just like you're mentioning, as a way to dip their toes in the water and see what works in their area and for their personal style.

You mentioned that your DTI is over 50% with less 10% down, so that's not an option....that 50% limit isn't necessarily a hard-and-fast rule, so you may still be okay @ less than 20% down (not to mention not all lenders calculate income the same way).

Please mention city and state in your response. 

It’s great to hear your perspective on appreciation versus cash flow—it’s something I’ll keep in mind as I refine my strategy.You mentioned local meetups in Northern New Jersey—do you (or anyone here) know of any good ones closer to Somerset or Middlesex counties?

A full schedule should be mentioned once the final plan and scope of work are discussed.

I don't even mention interest.I did this recently and the guy picked the higher price with him carrying the mortgage for 5 years with no interest.Turns out a probate for one of his parents needed to be done so we are paying for this.

Not to mention the upfront cost of furnishing.