Additionally, you could open an account in person with a national chain like Wells Fargo or Chase, since they have a presence in NJ. 

I recommend it all the time to people looking for a steady income and not too difficult job.

Fortunately, you can get creative to increase the income.

On the other hand, Option 2 with the BRRRR strategy entails owning a single property outright, building long-term equity, and potentially cashing out through renovations, but it's a slower ride, relying on successful renovations and favorable refinancing options, and you're starting with just one property, which may limit your income potential.

We didn't feel the additional protections offered were necessary at this point in time.

Though his gross income has improved substantially on paper from the horror 2020 days I’d still say he’s at 25% DTI front end.

I would love to hear feedback from others that may have been in this situation or can just offer additional advice.Thank you so much!

Do most of you add additional medical/general liability on your policy (in addition to what Airbnb/VRBO provides)?

I gave the tenants the option to either maintain the lawn themselves or to have my lawn company maintain it at an additional cost in their rent.

I would then get an EIN and a bank account and transfer the funds in order to close on the property and then use as an operating account for the income and expenses so everything can be tracked.I have done deals in a similar fashion as a partnership.