@Steve Vaughan  SAME thing with HELOC's  folks don't read the fine print..

I would be willing to make a co-hosting deal if someone has contacts in the region, as my responsibilities in Maine require me to be here more regularly.

Ideally to really keep everything separate you'll want to just have your LLC, and not your name, on it and that'd likely require a novation or a new policy(full cost of title insurance paid again).

It's not a New Jersey thing, it's the IRC code. 5.7 Sfhttps://buildingcodetrainer.com/egress-window-requirements/

The price of the house ($1.4m) requires me to secure hard money lending to purchase. 

In NJ, for example, we rep a ton of landlords and require 3.5 months up front to rent which get you a better tenant and screening as we go through the NTN or rent spree (first month's rent, 1.5 security, 1 month realtor fee split between listing agent and rental agent).

The goal of real estate investing is financial freedom.Financial freedom requires a rental income that:Increases faster than inflation: Unless rents increase faster than inflation, your true (inflation-adjusted) income will continuously decline, and your time off the daily worker treadmill will be short.

First, you have to buy it on the courthouse steps to claim ownership - that is required to rent out the property.

Fast forward a few months, and they have non-paying tenants who are wrecking the place, and a MIA property manager who (understandably) won't put in the ENORMOUS amount of effort required to manage a property in a C or D area for a small-time client from another state.

certain wholesalers pray on newbies, and rush the entire process so you do not have time to do the required due diligence.