Your post didn't sound like it came from a landlord with 25 years of experience, so I was pointing to the basics hoping it would motivate you to do some research.A quick Google search revealed numerous NJ banks that offer the convenience of opening accounts online.

We are in the process of finding  a HM lender to finance  a lot and spec build.We have a lot that we want to purchase and already have the plans and have built this house numerous times already.One lender is asking to have a permit issued before they move forward.

For those just starting, investing in rental properties may offer a more substantial financial growth pathway through cash flow, tax benefits, and mortgage pay-down facilitated by tenants.In contrast, areas with more favorable rent-to-value ratios (like some parts of the Midwest) might make buying a primary residence a sensible start. 

The cash flow generated from these ventures can be astutely utilized to facilitate the acquisition of subsequent homes, which can be subsequently inhabited and further leveraged through house hacking, thus initiating a cycle of continuous growth.Wishing you the best of luck in your own endeavors.Warm regards.

You'll encounter setbacks and face numerous rejections and criticisms.

Lofty is facilitating all communications operations/voting. most of these properties have been burning cash and additional loans are being taken to repair the properties and even pay property tax bills

@Kelli Powell we have 10% upcharge for all MTM leases.Regarding MTM for winter, our lease has a clause, that we remind tenants of numerous times, that if they are still in the property as of October 31, the lease shifts from MTM to they have to stay until Feb 28 - and can then go MTM again.

They are there to facilitate the purchase - now some are better than others and will spot certain things for you to review furtherBut two years after the fact not sure what recourse you haveRegarding giving them money, not sure what that is about so tough to respond to that except again what was in the agreement you signed Long story short, move on.

Also, there are numerous challenges dealing with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

Remember, there are numerous deals available, and although I'm not deeply familiar with the Columbus market, I believe you can find a more favorable opportunity with a positive net return.If your primary objective is passive income, as indicated by this scenario, investing in the S&P may indeed offer a more passive approach.