I elected for it considering I wanted to use my savings on renovations to get the property up to speed with 2018 & the potential rents I saw would cover the 1st mortgage and DPA/CCA mortgages.

I just got off the phone with the president of commercial lending at the bank and he told me, verbatim, that they can make the payoff whatever they want........Can someone with experience in commercial lending or portfolio loans explain this one to me?? 

Just like when other high priced business's are sold they are not blasted all over the place.My local commercial bank that I have been loyal client of since it opened and a stock holder.. they never asked me or told me they were selling LOL.. matter of fact the only two that knew were the president and head credit officer.. 

You can do it yourself.Be careful though, I hear (although have not experienced it personally_) that its nearly impossible to evict unless they are behind on rent,  "if" your lease states that damage is paid first, then they would be late on their rent if they dont pay for the tree damage.Remember, the judge, if it goes to court will be an elected official. 

The local homeowners association is stubborn, I know it's president and they opposed anything that adds to local congestion, so I know it's a lost cause.

"As confidence in the housing recovery spreads, more real estate investors and would-be real estate investors are hopping on the home flipping bandwagon," said Daren Blomquist, senior vice president at RealtyTrac.

OR take advantage the historic low interest housing rates and purchase a small condo before they rise (which will be around the election).

I would just take a semester worth of easy electives and put all my focus on getting the re licence and gradually start from there.  

Alternative to the LLC with scorp electionI see 3 downsides to running with the LLC with scorp election.1 Separate tax return for each LLC and yourself.2 Unemployment tax on your income- although limited to $8,5003 Ambiguity on what a reasonable salary is for a house flipper.For number 3, allow me to expand on my confusion.

Last time I checked, New Jersey is not a community property state, so your spousal owned LLC is now a partnership (unless you elected to be treated as a corporation).