I might recommend that if you can, and yes it will be a little more pricey, but you will get the most out of the Chicago experience, to be close to that brown line or red line going north. 

Because i knew the rental market, i knew this was some sort of sweetheart deal and indeed it was. 6 months after purchase i let the tenant go and now have it rented for $1295/month after only an interior paint job.Overall, when accounting for what you do not appear to be accounting for, you look to be in the red in this deal

Handwriting them on yellow pad of paper in red ink. 

I'm 24 years old, married with 2 wonderful little girls and am currently working in the maintenance department of some condos atop Red Mountain.

We have seen agents do leases with no late fees, no early termination penalties, no guidelines on showings - essentially giving the tenant a red carpet to walk all over the Landlord.  

Do you now operate in the Monmouth county area or have you connected with other PMs around the red bank / Asbury park area you think highly of?  

While I'll still consider the house, this is a major red flag.I would have never checked this out without the advice of the investor!

Some highlights I’m looking for in a lender:-Will finance SFR (1-4) unit properties and small multifamily-No maximum on the amount of properties I can own-10% down for 3 and 4 families, and maybe 5% down for SFH and duplexes-No PMI- No red tape-Low closing costs ($9.8k for our $430k)-Competitive Interest Rates (3.25% - 3.49% on a 30 year)-They will consider stated income, and/or rental income as incomeBest,Willy

You're young; too much red tape for too little benefit IMO.

Overall, I've had pretty good tenants.The one nightmare I had was me ignoring the red flags.