@Loan NguyenRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

BRRR house hacking using 5% down loan and applying down payment to renovations forcing appreciation is tough to beat and allows you to move quickly in NJ. 

There is a bit of "safe haven" for personal transactions, but if Dodd-Frank applies, it applies! 

I know people that are really good at their trade (plumbing, cleaning, electrician, etc) but they don't have financial discipline, they don't know how to market, they suck at customer service, they don't use tools to their advantage, etc.Cody Sanchez (lady in the video) buys different types of businesses and makes them profitable by applying basic business disciplines.

It is quite common to conduct a move-out assessment for damages and apply the costs against the security deposit (SD).

The same applies to buying businesses whether it’s online businesses, plumbing companies, or professional services like a CPA rollup.

I've helped several investors structure their deals in a way that works for them, and I'd be happy to chat about how it could apply to your situation.I sent you a connect request.

You want to figure out all of the permits you need at the start and apply for them all, get them, and then get to work. 

Here's how you might apply this strategy with your $150K:1.

More importantly, when you are looking at your exit scenario of selling, the same question applies but in reverse, are you calculating the new tax rate the next buyer will pay and reverse calculating a sale price based on the market cap rate?