Quote from @Raymond Whitley: Not sure if Goosehead is in your area, but a broker like someone at this company can really help you in challenge times for insurance like this current market with so many carriers dropping out completely or raising rates on everyone. 

Land doesn’t depreciate, and while buildings require maintenance, they usually gain value as markets grow, demand increases, and inflation takes its toll.Real estate investors benefit from a significant tax write-off based on the concept that properties lose value over time, even as their market value skyrockets.

More of a short-term solution if you're looking to do a value-add or bridge into longer term financing on the multi within 6-12 months.

It can be painful to be on the wrong side of their sentiment.As far as LTR...I like the prospects of Sherman/Denison. 

Just on your purchase and rehab you're at 220 if nothing goes wrong. $7k on holding, $16k in commission, $5 in closing brings you to 248 if everything goes according to plan.

So if Texas has no state income tax I dont think you pay tax on any loans in other states.

Hard Money Loans: These are short-term loans from private lenders based on the property's value rather than your credit score.

I don't know New Jersey law, but based on your first sentence in your post it sounds like you need to send the check by certified mail, not Zelle.

Chipping paint on exterior is going to be be your downfall.

Quote from @Alex Zweydoff: For those interested, i recently updated the blog on our website with new relevant information regarding the law.