Bulk Sales provision should be in every single NJ contract where the owner is engaged in business and not selling in the regular course of business or a primary residence.

I would be happy to get 6 months upfront provided they pay the 1st months and security deposit before moving in. 

Could we deduct 50% of the security deposit as a new tenant placement expense when the previous tenant breaks the lease? 

Just looking at timelines, since we wouldn't receive the bill until after the security deposit was due back to the tenant after move-out.Thanks, 

I was also told that you should be following up regularly to ensure this 60 day window is being reached.I was thinking of doing the same with my tenant but I am actually going to send a notice to quit instead, for other reasons.Best of luck!

@John West Definitely keep in touch with the owner and follow up regularly.

get tenants in at market rents or slightly below, build a track record, trailing 12 then refi at a lower interest rate with a regular bank loan.Make sure you cash flow with the terms/interest rate with a hard money lender.

What are you guys using to secure your vacant properties?

@Jake Parks - If you're pooling money together and providing a return for people/there is an expectation of profit for someone else and that other party is not involved in the decision making/management of the deal , then you are creating a security and the answer to your question is a resounding yes.The big thing you have in your favor with partnering up with family and friends is that you have a relationship with these people already and that's the biggest thing that the SEC is looking for.

Both sides are leased at low rent with no security deposit.