If so, have you ever done a buy and hold partnership deal that includes one partner invests and the other lives in as principal residence for 2+years during renovation and manages property until sale? 

This would also include any new Tenants just as above in sect (f)(1).

Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.

Alternative options include a cash purchase, requiring significant upfront capital, or a hard money loan with higher interest rates.

It’s crucial to ensure you’re compliant with your city’s requirements, including permits, taxes, and safety regulations.Ok - that was just a stab at it. 

But here is what blew my mind when reading this, but I know very smart people who fall for this all the time: It is the "“Too good to be true” syndromeHere is some excerpts:Kapoor’s alleged incentives included a contractual promise to pay the investors quarterly no less than a 7 percent return on investment that would begin when deposits and purchase contracts were signed, the lawsuits allege.

My guess would be 50K including furniture, appliances, etc...Rental income was ~85K last year.

@William KuczmeraWhile I am not an accountant another option that probably makes better sense is to borrow against your 401k instead. 

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Also including the tenant friendly restrictions limiting any ability to evict still in nj