With this being our first property though, would a business bank account just be more of a hassle since we want a joint account with no fees?

If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

.- still did not receive the check from the NJ Victims of Crimes office.At this point, I want to file for eviction at the end of the month if she delays the event by 1 day to pay her entire rent ( January and February).My question to you professional is, should I inform her of that decision in advance?

This is rarely done as in most situations lenders will not consent, and at a minimum want the buyer to qualify AND personally guarantee.  

I'm terrified enough of doing this out of state, so I am not interested in additional complexities with BRRRR.

Without knowing stuff like this, all the answers provided are meaningless. 

Generally I'm a fan of hold until you die but in this case you are earning low cash flow on a large amount of equity.

This was the assumption we operated under until December 2023.

If this is a long term hold you'll want to have finishes that match comps, but are also still very durable for tenants.

Rent: $1,968 (as of Jan 2025) Excited for this new outdoor destination?