This is a different perspective...https://moneywise.com/investing/real-estate/charlie-munger-h...

I normally say stay close to home, but if you're in CNJ, it can be difficult. 

If there is a credit, then that will be handled in escrow.Yes, make sure that you try and use all the money from the sale of the first home and if there was a loan on the property it also needs to be replaced on the up leg. 

The best tip I can give you ask a flipper or a new construction home builder if you can shadow an entire project, maybe run errands for them and deliver supplies to the job.Get on the job every day, best way to learn the process, every municipality is a little different, my experince is from Milwaukee, I would have to learn a lot, even if it were close by like Chicago.

My experience (pre-Covid) with section 8 was there were A LOT of people searching for homes with their vouchers but a shortage of landlords either qualified or willing to accept Section 8 tenants.

In any case, "rental arbitrage" is almost 100% done because the lessee is broke as a joke and couldn't muster up bus fare home, so they use someone else's asset in order to cover for their lack of resources.

We want to downside the house to smaller home 3/2 instead of 6/4 right now.

Anyone out there have success getting a 3rd or know anyone who might do one?Thanks.

Regarding nonrefundable deposit on lease option to purchase for a home selling for $375K.What does the nonrefundable deposit entail?

@Vic Reddy, there much be something more to this as older homes generally DO NOT have to meet CURRENT codes.