You drive for dollars to learn the areas and track which homes you identified as ones that then get renovated and then you watch the numbers to learn the scale.

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool), automated maintenance tracking is key (and having everything in one spot makes a world of difference when it comes time to have a contractor come in and make a repair).

I would appreciate hearing your recommendation of a real estate firm or team in Central New Jersey that has a strong track record working with real estate investors.

She put me on the right track.  20 SFHs later, the only reason I would use a realtor is if they are the listing agent on an MLS property I wanted.

@Alex JamaelWorking with investors is a relationship business, so take your time to build these relationships (ideally way ahead before you need the money), show your track record, your credibility, references, and of course offer to help them make some money on the side.

Proximity to an incredible international airport like LAX is a big bonus, as SAN is a fraction of the size or capability or quality, unfortunately we have a garbage airport for America's finest city.

Once you establish a track record and trust it's easier to attract investors.  

You have to reconcile how to establish basis and you need a good system for tracking expenses and income.

He says he prefers to wait until the liens are paid off instead of inheriting the mess.I know probates also have issues arising from tracking down the Executor, and getting all family interests to be happy with the offer you present to him (though he has final authority). 

Also you don't have a track record of the other condominium owners and condo association to look at.When you buy a condo, you're really signing on to be part of the condominium association too (since you'll be affected by their decisions).