I'm not sure how contracts are written in NJ, but I know in CA there is a liquidated damages clause that says in the event of cancellation due to the buyer breaching the contract or being unable to perform, the seller is entitled to whichever is LOWER of the EMD or 3% of the purchase price.

And run absolutely everything possible expense wise through your LLC as well ... we pay car, cell phone, internet, etc ... all of those things also benefit from having a business to run expenses through first and then pay taxes on the difference.

Was it cell phone or was it a Macy's credit card?

What about things like cell phone bills, seed for the lawn?

Which is treated as passive until you are full time in Real Estate.Fourth, Your wholesaling business would be filed on Schedule C as a sole proprietorship until you create and entity(LLC with more than one partner or choose to file as C-corporation or S-corp or S-Corp whichever you choose) Fifth, Your rehabbing business would be entirely separate as well.

Someone recommended a cell phone app called hammer point or real eflow, but its slow and some of the terminology is unfarmiliar and it isnt very specific.

I'm curious, could you set up your criteria as "3x rent or at least $XXXX of income in addition to the amount of rent to be paid by applicant, whichever is more."?

The cheapest ones at whichever big box store is closest to you and charge them each time you need to replace one if they're damaged.

He said the reason why this worked is because the HOA is not allowed to stop you from selling your place under whichever terms you choose.  

We have several student rentals and, it would seem, all students have cell phones and are game to both use (an app to open doors) and to carry (a proximity RFID tag) new technology.We also have buildings which cater to working class and {older than student} tenants where we find traditional keys still work best.The advantage of electronic locks is no physical keys to manage and the ability to manage access remotely - given access to service/maintenance personnel is greatly simplified.