This of course assumes that the investors you're seeking funding from all reside in New Jersey.If you plan to raise money from residents of other states or international investors there is a whole other layer of complexity to navigate.  

An added layer of complexity is that the guy did not have a will which may also necessitate getting a lawyer involved.Help me out BP!

Looking a practical matters with layering corporations, and then looking at the 30 thousand foot view to say is it worth all of this.

Systems are vital and a good team is vital.

Peel back a layer or two on any great real estate investor and you'll find other related (books, courses, management company, putting the deals together, flips, development, etc) or unrelated (job, other businesses) income streams that they funneled into their income producing assets. 

Those very real and very impactful opinions of areas are vital and go beyond analytics and numbers.  

The fact that it's an investment purchase adds a layer of risk.

But we like to layer opportunities on top: We look for transitioning neighborhoods.We like homes where we can do some forced appreciation via rehab. 

Research is really vital on this part!

Of course the TREIA's & BP meetups are the way to go.It is obvious from your well written introduction and extended offer to network one on one you already have the people skills that are vital in this industry.