The seller did just perform quite a few renovations, and two units are already occupied, which is why the upfront rehab is currently $0.So yes, this scenario doesn't yield much monthly cash flow, but we are trying to work with little money down so the thought was that it would at least get us into the property and then increase cash flow once the $46K loan is paid off.

We own and operate 51 multifamily units and we also do property management in Orlando and Jacksonville for other owners of residential properties from single units/homes up to 80-unit apartment buildings.I've always tried to network and meet more people in the real estate space wherever I live and would love to meet more people in the Orlando area.

I have a device that has 2 parts, one that plugs in at the outlet and the other part is used at the circuit panel to identify the circuit so circuit associated with outlet should be easy with only a single person.It has not worked significantly more than it has worked.  

You can use an FHA loan to live in one unit and rent the others for up to 4 total.

I am also a veteran of the United States Navy!

There are many alternatives you can use, I would urge you to check your local laws but I know here in Cleveland, OH we can charge an increased deposit or we can also require a guarantor (who can have different credit req. then someone living in the unit) It's important that no matter what you do you do it for everyone going forward, making exceptions for screening for some but not all can become a Fair Housing issue. 

Assuming NJ allows it, I would add a clause in your lease specifically calling out the forfeiture of deposit if the tenant breaks their lease early and/or does not move in.You may also be able to attempt to collect rent until the unit is re-rented.

I'm considering a commercial property (16 - 1Bed1Ba units) with a current annual rent roll of $170K fully occupied.

That may be an email or some portal that allows me to see notes about repairs or issue with the unit.

Then factor- in the Temple BAR 'legalese,' UCC and Crown livery "corportization" with their post 1945 UNitization of front facade subsidiary "nation states and territories" (and that there are no more "sovereign countries," save the remaining few still without a PTB "central bank...") and a BIGGER PICTURE 'insight' then begins, to EMERGE.