MA is a very tenant-friendly state so I try not avoid the legal route, even if it costs a bit.

They can definitely tell you what you need to know legally and licensing wise in NJ/NY as there are some restrictions in certain states and I think NJ is one of them. 

You can also explore FHA with 3.5% down as well with 1.75% Upfront fee + anything with more than 3-4 units, there will be a SS rule (Self-sufficient test) to pass per FHA guideline.If it is a legal multifamily unit, you can also use those vacant units as your rental income up to 75% of gross market rent.

So that $100k+ ED is coming from your pocket, before it can be reimbursed by investors.Legal Fees: you can't raise money without legal contracts setup.  

This doesn’t mean you’re rushing into legal action—it’s just about setting clear expectations and boundaries.

If they're in the same state, that will make your legal team more streamlined, but otherwise, you have to form all new vendor teams when assets are scattered across multiple MSAs & states.

Could any of you please advise us (not legal I understand) if setting up an LLC or these homes in a trust, etc would be beneficial?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Naturally, she wants to be in a more comfortable environment to welcome our son into the world.However, there’s a legal hurdle.

on my commercial bank loans they generally  allow 20% of the loan pre paid in anyone year without penalty. but you do have to negotiate it .. and if you refi with the same lender early they waive it.. but again this is an up front negotiation at least with the banks I get commercial funding from