Hi Pradeep - I host an event down in Central Jersey (out of Belmar) if you're ever in the area.

Theoretically, property could change hands multiple times without property tax website ever being updated.

@Elaine Laidid you ever find a good mortgage broker? 

NEVER, EVER believe ANYONE in real estate unless it's in writing.Why didn't you go through the paperwork?

Tenants rarely if ever maintain anything in a rental.

If you're good to the agent they'll be good to you...and will have their hands on a lot more pocket listings then you could ever have on your own.

If you mean using a HML to buy/rehab, then fine...but you NEVER, and I mean NEVER EVER use a HML as the hold financing on a buy/hold. 

That's why if you ever see a REO contract (bank owned), it will almost always state "non assignable".  

It may be worth it though, I actually used to rent an apartment right around the corner from this place, it was in a four unit building that’s as almost always at full occupancy, as far as I remember the entire 2 years I lived there only one apartment was ever vacant and it was rented in about a months time.I found a 3bd 2ba MH on my local Craigslist that seems to need minimal work, the previous owners did major updating, asphalt roof was replaced about  7 years ago, new furnace, new floors and paint.

They had never ever did a deal based on what the fund was investing in.