Originally, I was going to reifnace and take cash out to pay off the persoanl loan, however I have sopken to a few lenders and they mentioned I would need to be on the deed for 6 to 12 months before I could refinance. 

I see you guys mentioning LTV when getting HELOCS.

The only thing that can't be forced is time -- the age of the oldest CC is always part of that formula, so it probably does make sense for your son to get a (small) CC that he uses only for small purchase and always, always, always pays on time..

What about lawn care/snow removal, pest control, legal, accounting, and other miscellaneous expenses.Are there other Rehab/repairs needed other than the ones mentioned?

As I mentioned, it's basically a shell and needs completion from top to bottom..

So if you sell the NJ prop for $300k, with the above mentioned $100k debt/$200k equity split.

Previously, I mentioned the chair and the desk came with the place and the junk removers left it for me.

Kansas City is a great place to look due to its low-cost housing but thriving market, just as @Mike D'Arrigo mentioned above.

Again, we don't want to be slum lords, we want our tenants to feel at home and happy.Very early on, we noticed she was testing the waters to see what she could get away with and also, I don't think she likes us holding her accountable to the rules and being around her age or younger.

Not to mention it seems like a great way to raise capital and do more deals more quickly and therefore gain experience faster.