Focus on positive cash flow, high-quality neighborhoods, and properties you can effectively manage given your current situation and experience level.

With your credit and situation if you were below 12% I would say that’s a huge win from a private lender

We went to go see a house that is below market value however, the house needs quite some work. 

I currently house hack a duplex in Bergen County and am wondering if any North Jersey folks here have successfully implemented MTRs and what worked/didn’t.

You will be surprised how often that will get you more information...often critical information.Second, if at all possible, try to get on the phone with the landlord prior to the current landlord. 

Conte,If your not happy with the current cash flow and want to avoid the 12 month delay sell now and 1031 into 1-2 more REI's.

Currently soaking in all things BP in hopes of learning enough to be an asset to any deal. 

There are some good options for cabin style properties if you have to time and funds to invest in upgrading a unit to the current standards. 

Current systems and tools:- Assistant to manage payments, invoices, ensure rents come in and chat with tenants for issues- Melio for vendor payments- Baselane for banking - separate accounts for each rental and deposit- Google sheets for Income and Expense reporting- Azibo for rent collection automation with late fee automations- Drive for my leases, SOPs, and documentations of tenants move in/move outGoals of improved system:  ensure I have a read out of how each property is preforming month over month, check on big expense items, ensure vendors get paid, mortgages get paid and rent is coming in, generate APY on float and savings for any big CapEx that comes up, and make my life easier come tax season.Is there a single software people use or what do you do for your business systems to optimize all of this?

It also, currently only has one of the only STR options that has a true a live, work, and play mindset with a generous list of amenities, including restaurant.