So the question becomes, because these are very low end estimations (I like to do worst case scenario numbers to ensure I don't over leverage) if the house would appraise for 230 and we could get 75% LTV would that make a big enough difference to make it work?

Speak to your attorney about the difference between an Operating Agreement and a JV agreement.

Different licenses.

A thorough inspection is crucial and understand the difference between maintenance and bigger capital expenditures (capex) that you will need to save for. 

This is no different. 

It depends on a lot of different factors! 

I've seen protocols for houses that are empty and houses that are vacant and it's a huge difference in both scope and cost.

It can be a great way to mitigate different risk factors, volatility levels, and earning potential.

But they just voted in August to adapt the 2021 IBC to go into effect in March; haven't reviewed for differences yet.  

@Donna Beth Perch I dont invest in NJ and I know its done differently there, but I am curious what exactly is a "tenant security account"?