The model opens a pool of possibilities for owners who are prepared to hold and manage the property long-term.

If you enter at this point, be prepared to ride this wave.

I still am on the lists of all the major wholesalers and still show up to showings occasionally on properties that might have enough margin for me but have not purchased recently from a wholesaler.Just like Adrien says, they provide a service of marketing and negotiating contracts for you.

Now that Steve has provided you with the right places to look, you will be even more prepared in your vetting the next time.

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”

I would be prepared to file for eviction etc. if they are 1 day late on payment, but would not actively be working to get them out if there is not a blatant current violation of the lease agreement. 

I know out here on the West coast with our digitalized title plants that each title company has it would be a matter of a few clicks for customer service department to transmit a copy of the mortgage to me..

Am I prepared to hold properties longer if market conditions change or if a flip doesn’t sell as quickly as anticipated?

Basically/Hopefully that is watching rents hit your bank, and occasionally calling a repair service as needed. 

Historically, full service management on the coast has been costly but in recent months management rates have come down and quality has improved.