I'm active duty in the Navy, and as such, spend a lot of time on deployment (like I am now), I've been listening to the podcast for the last few months as I downloaded them all before I left. 

Hello Bigger-Pockets Community,Myself and my business partner recently formed a real estate investment company.

Thinking this one is not right for me.  

If the market outlook for China is good, and you're not losing money, then HOLD, but if, as you say, you see a bit of a bubble forming, it would be good to know your options sooner rather than later.Sounds like you're in a pretty good spot (other than that negative flow NJ prop) and you're in the right place to get all the info you need to develop a plan.

So I decided to call my contractor who I knew for years who did several renovations for me on my personal residence.

How do things work in this scenario and should I form an LLC before pursuing? 

I think REI is the best path for me to take to increase my capital with passive income and short term goals, Long term investing is not something I want to start out with.

Going to be harder for a one-off build to do it because you won't be able to get the pricing on the trades that a full time builder gets.The only way it made for me is if I could get a 40k lot for say 15k.  

This post is less about what will work for me, although I am focusing in on flipping, and more just about hearing what others in the area are up to and working on.

I can't speak to NH laws but in Wisconsin we don't have recourse once we sign move-out inspection form.