I am looking for a GC who covers Union or/and Morris counties, NJ for a large single family house construction project.If you know anyone or would recommend any investor friendly GC, private message me.Thanks.

I am looking for a GC who covers Union or/and Morris counties, NJ for a large single family house construction project.If you know anyone or would recommend any investor friendly GC, private message me.Thanks.

Its under 50K and the selling realtor texted me and said her client is only paying 3% of the sales price and that her minimum fee is $1500 and that I have to pay the difference if 3% doesn't cover it.

., my guess is, renting out your primary would not cover all your $237k mortgage and its other expenses, right?

I undertand the 50% Rule is there to cover vacancies and repairs, but just about everything in the property is new from the roof to the central air, and I don't foresee any major repairs for the foreseeable future.

The house is near 100 years old and a prior owner did a good job covering up foundation problems, termite damage, to include electrical and plumbing problems. 

Or just keep it as long a its livable and I can get a rent cover the mortgage?

I require first and last month up front, so if they leave I've got the "last" month covered.

Something to keep in mind is that they'll still want you to have 20% of the total cost as part of your liquidity to make sure you cover cash to close, interest reserves, and initial rehab cost.

Also, I have been indoctrinated by BP to aim for "making your money going into the deal" so this being my first one am trying to cover all the bases.But I think really it's because of what the seller originally paid.