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.

Furthermore, I had the right to purchase for cash or subject to their mortgage balance plus some cash for the remainder of purchase price at the time of closing. 

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. 

This property balances our portfolio with heavy equity gains.

The purchase decision only requires online thorough research, then try to buy in a 401k/ira so you don't have to pay taxes on the Dividends which can be large.

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.

Good balance of strong cash flow and appreciation. 19 doors and counting.......

Long term rentals don't require full time work.