I noticed a few reviews stating that it’s more for beginners wanting to delve into REI which I guess is perfect for me as I know next to nothing about it.

(He actually borrowed 130k from private lender) So 160k in and 200k minus cost to sell so 185k out.

Without written lease agreements, tenants are considered month-to-month and should be easier to get rid of or you can put them under a written contract with proper advanced notice.2.

I just noticed that the rental license registration form requests a property manager be designated if the primary owner doesn't live or work within a 20 mile radius.

Either you sell at a higher price and give him the controlling unit or somebody else sells and you're left holding the bag.This guy wants the whole building to take it private and convert to apartments.Somebody else will stand in his way and prevent that, but their life will be miserable. 

Check with your local laws but simply give them proper, legal, notice that as of "xx" date, their new rental rate will be $xxx.

Good day everyone,My tenant gave me notice that they'll move out soon.For my next tenant I am using COZY for my rental services.Can I accept only online rent payments in New Jersey?

Do I issue a Notice to Perform or Quit?

This means you cannot raise the rents until the lease expires and then with proper timely notice. 

I noticed that per square foot price is 241.