I don't think the other circumstances matter.

Depending on your circumstances, you may be able to eliminate your tax bill this year and carry over your operating losses to the future as well.

I bought a SFH about 6 months ago but due to circumstances with selling a large property it’s renovation got put on hold.

Unlike many who believe an LLC will protect them from liability and underinsure.Additionally, I do not engage in reckless conduct (drink, DWI, neglected property, engage in personal relationships with tenants).A person with a 2nd grade education can establish an LLC in NJ.

We prefer buying tenant occupied neglected under market rent properties.

As Joe mentioned, a lot of agents will look to get an exclusive contract, which makes sense for the agent in most circumstances.

If the municipality won't let you do an RV park under any circumstance, then you have your answer about that possibility!

I too would hate to shell out cash in that circumstance. 

The financial system today is not nearly as leveraged with toxic mortgages as it was last time, but a dramatic increase in the default rate could lead to some pretty ugly circumstances.

Turns out, after a little back and forth with the town, the town fees for our circumstance are negligible and the re-plumbing is straightforward, and the ROI and peace-of-mind (with a caveat**) will be excellent.