Assessments in NJ are not done on sale, unless it's a new build or a complete renovation where the permits tip them to reassess, so every three years or so they reassess all of the properties and taxes go up most of the time.

These are all great tips and advice, especially for someone like me who is thinking about becoming a real estate investor.As a newbie, I would say that there are tons of information, and some are conflicting at best.

Maybe because if you do and someone does buy into into, you need to get your referral fee.I have looked at quite a few, and expense ratios/costs are way high, would rather do Index funds which are way low cost and less risks.Also there is a reason many require you to be an accredited investor, which requires you to acknowledge there is now SEC security blanket involved(even if it is overseeing), and that you are on your own.Kind of related, I have a stock tip to sell, I had 200% returns on it.

Losing 85% on a single REIT would’ve been devastating if you were all-in, but spreading out across 10 investments turned the overall outcome positive because of the winners.Here’s a few extra key tips to avoid big losses in passive investments:Focus on cash flow: Invest in assets that generate consistent income.

The second cabin has Youtube TV, hulu, and Netflix.

Any tips and input are greatly appreciated? 

Dave Meyer weighed in today on the BiggerPockets YouTube channel with his favorite options: Is $20K Enough to Invest in Real Estate?

Listening to YouTube big shots that have great advice on professional ways to handle problematic guests ( most are great but everyone will get bad apples), staying at the property when you have an open window of time and actually get the guest experience (this is critical), and looking at your click thru and conversion rates to get a good baseline.There is way more work to running an STR than a LTR.

We worked him through the process, brought him a contractor, and gave him all the resources along with giving him tips on layout and all.

He was even shown on a deleted MI youtube video.