Here's the screen shot of the journal entry when I put the house on the ledger.

A common trap to fall into is seeing a nicely renovated house at a reasonable price tag.

Its really going to come down to multiple factors, including your personal situation/strategy but it appears you are definitely thinking about things in exactly the right way.I'd say since it doesn't seem to be an "urgent" need - I'd advise talking to some lenders and since the rate environment is still moving quite a bit, settle on a interest rate / points combo that is "your number" and when market rates move down to that point - have the lender contact you and get ready to go, and just wait until that occurs

Usually that intended party is 10 investors removed from the investor who currently has their hands on the agreement with 10 investors playing their hand at attorney and making tweaks they believe are necessary for their personal business.

With assets currently tied up in another project, a loan based on the income of the properties rather than personal or business financials could help leverage this opportunity.

I am not a W2 employee so constantly limited by my DTI when it comes to bank lending even though I am savvy with saving, house hacking, etc to keep my cost of living down.

My purchasing power can afford me a house down there and I also work in South Jersey (Cherry Hill) and live in central jersey.

The husband would like to stay and get a roommate.My question for you is would this give us grounds to discontinue their lease if they need to move in another person to be able to afford it?

Your best bet is to list it in the open market (MLS) with a local agent, with the option of furnished or not, and be prepared to have to clear it out should a buyer not be interested in your personal items. 

I did find a gutted house for $27k I think I can use this for a house hack and off load some of my maintenance expense for one of my Subcontractors who wants to come to Georgia to retire.