A good way to gauge is to look at ads for rentals in these areas to see what the market rate is these days.

However, there are plenty of situations in Northern NJ where properties are intentionally listed under market value in order to get those multiple-bid situations over the asking price...in those situations, the true value of the home is likely somewhere in between the listed and sold price, and a good agent should be able to gauge the true value range.

people seeking to feel like official business owners feel pressure to have and own LLCs.

So if you think the market is trending down say 6 percent for the year in your area then just factor in some downward pressure on your resale price while you're holding the asset and look for quicker/in and out projects. 

Its tough times, and they were putting a lot of pressure on him and his wife.

There are ways to gauge where your rate will be throughout the process but there aren't many rate locks out there on the private money side right now.

I could simply restrict it to those who stay at my property, and pay my cleaners a bit more to take pictures and gauge its condition after the booking if it was used by the guest. 

list of improvements:* plumbing for better water pressure * install solar panels * improve concrete area around pool* landscaping / tree planting / fencing*bathroom and kitchen updates (appliances/ new tile/ painting / plumbing fixtures / bathtub install)*new flooring * add drywall in formal dining room to create another bedroomThanks for your feedback/ ideas!

Most get it but some don't.one thing for sure is the city and courts are going to continue to make it more painful if you don't get it.Also tenants can pay rent into an escrow with the city vs pay you to put pressure on. 

Parma is a decent area for your strategy - you should be able to find something that works in the low $100s but there’s some competitive pressure when it comes to renting (check the number of Zillow listings).