It is a 4 bed, but has a big loft area upstairs.

Fouad,mortgage closing costs: 2 to 5% This look okay especially if you include buying pointsproperty value appreciation: 3 to 6% I would go with 1 - 3% as it varies for neighborhood/area to even buildingscash on cash return: 2 to 4% This should be higher than your range.cap rate: 4 to 5% Not surerent growth: 3 to 5% 1-3% depending on the arearental property expenses growth: 2 to 4% This seems okayrepairs & maintenance cost: 5 to 10% This seems okaycapex: 1 to 3 % Not sureVacancy rate: 4 to 6% Depending on the area, I would put this to 1-2 months on average.

Since the temperature in my area only drops below -5°F twice a year on average, the heat pump effectively covers 99.5% of the heating needs.There is a plethora of combinations that you can achieve using just mini splits.

Just a ton of beginner questions and would love to chat with someone about it if anyone is in the Morris County/Union county area!

I would also suggest to start networking with some in your area as well.  

I will getting loan on my LLC(it is my second property in the area) and I have a credit score of 800+.

Too many STR owners get hung up on the idea that cleaning fees are a ‘pass thru’ to the guest.

He explain that to remove the dust, I could clean the areas very well.

I'm in Long Beach and familiar with the area. 

MTRs can offer a nice balance between the steady income of long-term rentals and the high cash flow of STRs without the constant turnover.In terms of locations, I've noticed that areas close to hospitals or corporate hubs tend to do well since travel nurses and professionals on temporary assignments often seek out these rentals.