Challenges?

Challenges?

I have looked through the forums, but dont have clarity yet on how to handle the home insurance with the transaction. 

I have looked through the forums, but dont have clarity yet on how to handle the home insurance with the transaction. 

As @Tim Schroeder mentioned HVAC but also appliances can be a challenge - hence I when I buy a property if anything is within a few years of failing, it gets ripped out and replaced. 

This doesn't even count the lost income while the home sits empty during your renovations.With all due respect, this is just one example of how things could (and likely will) go bad and you don't have the knowledge or experience necessary to handle owner financing.

I do have large commercial REIT's etc. where they handle everything and you just find them the property and I do search for them from time to time.

Can someone give me detailed steps on how to handle the situation?

Bigger Pockets is home to so many excellent resources/people - that will help you get a handle on what a good deal is in New Jersey!

Many architects can handle the MEP drawings for small commercial / residential projects.