NJ has some very specific Landlord-Tenant laws that are very unique compared to other states. 

*Reforms Individual Apartment Improvements (IAIs) to limit rentincreases to substantial modifications:o Up to 3 times in any 15 years, for up to $15,000;o Amortize: 14 years for smaller buildings of 35 units or less; 15 yearsfor all other larger buildings; and,o Surcharges expire in 30 years.Part L: Requires the Division of Home and Community Renewal (HCR) toconduct an annual report on rent regulation that would be due on Dec.31 of each year and be made publicly available.Part M: Establishes the Statewide Housing Security and Tenant ProtectionAct of 2019."

(it's an unincorporated area which receives utilities from various neighboring divisions) They only told me that I was only connected for water and not sewer.

I agree and think there is another missing aspect that hasn't been mentioned.To me this property takes away the unique feel of staying in an AirBnb or VRBO, and transforms it into a glorified hotel.

We have a division-1 football & basketball teams that regularly attract outside visitors, as well as having Interstate-80 run right through our town.

However, once you have your unique contribution, partnering with somebody can help spread out your risk and make the process more enjoyable (so they do things you don't like to do). 

However make sure that you are communicating with the commercial finance division (even if the property is a single family residential property) NOT the residential finance division.

Thanks for the replies @Derek Dombeck and Account Closed It seems every deal is unique. 

The reason this is a bit more complicated is that their operating agreement spells out some unique restrictions.

Well, we caught it early but with the baby it creates a very unique situation.