It is an exhaustive list but there to prevent landlords in the state from being slum lords.

I then look at the cash on cash return because I think it is a more solid number and more accurate to calculate than an IRR or something more complex with assumptions such as appreciation, etc. 

The information you have provided is very empowering and it feels great to know we have not exhausted all of our options.You are correct, this is an investment property. 

The one big storm that hit NJ hard recently was tough with how big the lot is, even with a team of 4 of us shoveling/using the snowblower, it was exhausting!

Buy a 2-4plex rather than an SFR, so you're getting income from the OTHER 1-3 units.4.

Lol)Well, I exhausted my saving and only had enough money for a down payment.

Researching a new asset class is not an exhaustive process but it takes more than a couple of weeks.  

I definitely value your feedback.If you use percentages of 10% for Vacancy, Capex and Maintenance, an apartment that rents for $2000/month (600$/month) would require putting aside $720/year more than an apartment that rents for 1,800 ($540/month) .

I was going to go to my first this past Tuesday, but kids were all exhausted.

I am planning on moving forward with the house and am currently looking for funding.Agreed a working young adult or a grad student would be better than an undergrad.