We want to sell it and upgrade to a single family home also to be used as a vacation rental, but I'm not sure if this is the right time.I've seen articles and posts recently that the RE market has rebounded to 2008 levels and I'm wondering if someone can comment on the status of the RE market in southern NJ specifically because I don't see the rebound. 

They will be able to tell you about testing, levels of output, etc.  

Or have one of your partners co-sign on it.Good luck!

I would like some more information on the topic as well since I'm trying to virtual wholesale Tennessee from Colorado.

Which in the beginning when we had just a couple rentals was fine when a tenant would come in and pay rent but now it's too much and our employees don't like dealing with it and my husband doesn't like some of the people coming in.  

@Robert Gravelle really is no right or wrong -depends on your comfort level living far from your property and being passive while you leave it to a manager (many dream of this!).  

(ps- my partner is a GC and his employees would be doing the labor- so the material cost is the major deciding factor here).

I’m not sure what co sit in the property is in but $40k for repairs in a multifamily may or may not be enough, I try to bump my numbers up on the higher side in the event anything is over budget and try to build in some wiggle room but hopefully see that it still works.

I, personally, look for $200 per door, after all expenses and reserves, but that is a goal that you have to set for yourself, based on your comfort level.

You found it, they bought it, you both can co-own it.If you're more of the "lone wolf" type, boost your income so you can buy your own rentals and start building that passive income so you can afford to not work your day job so hard.