Get my feet wet and purchase a property a year from today (3/29/2022). 3.

I know that I have a couple of options, back away from the offer or request seller to drain water so that my inspector can go back to inspect crawlspace and possibly even hire a wet basement specialist to come take a look and see how the water is getting into the crawlspace.

With numerous programs in place and three stimulus checks out to most people and huge amounts of extended and expanded unemployment being paid, it will be the rare tenant who was so poverty stricken they could not afford $100 for a partial rent payment on occasion even once over the past 12 months.However, if your local state, town, or judges are putting restrictions in place beyond the CDC moratorium, then that may not work, obviously.Bottom line: Get educated, act firmly, and stay in control!

Just my two cents.In regards, to your desired market -- I think Bayonne is very attractive for numerous reasons.

Most agree that this type of entity structure is quite beneficial if planning to own numerous properties.

I would make a suggestion on PS however, that taking the time to comb through hundreds, if not thousands of 'skip traced' results is going to leave you noting the information of numerous LLC's, as well as our friends at Renew Indy being the owner's of hundreds of properties in Indy (Marion Co).

There are numerous reported cases of plaintiffs piercing the corporate veil, especially in the case of single owner entities.  

Whereas in storage and MHPs you have numerous tenants and can still force value add.

And now that you got your feet wet, you can either revisit this strategy or move forward on doing a deal yourself.Hope this was helpful.

Better to start out with a light rehab to get your feet wet, before taking on a big rehab with the potential for more error in estimating the rehab.all the best!