I'm not looking for a long or detailed report, but someone willing to spend an hour or so taking a look for me. 

Engage an attorney to review the loan documents. 

I wouldn't do it unless there is a benefit to you, IE tenants are getting $300 bills in a 800sqft apt and will move out because of it...It isn't something I've ever really looked for when purchasing a property, and I don't see the benefit of spending $800.

When EVERYONE we talked to said to plan for $12-15k PER MONTH in expenses to have a nurse spend 30 mins a day with my aunt in a home, I was so baffled!

My focus would be on spending all of your spare time in learning about the different investment options, the real estate segments you might be interested in and understanding the trends in each.

or try for sale by owner (Craigslist)...We'll explain that there will be more fees involved, and that it will take much longer to sell (especially in this market, compared to a few months ago) - but that if they're not in a rush of any kind, that it's usually their best option...In our experience, the best thing is just to give people real advice, and if you can really help them out - tell them that.Small margins are also tough for rehabbers, who are taking on risks and spending lots of time and money on the rehab.Best,Sean

We are spending a few months trying to learn as much as possible about real estate investing before buying our first rental property this spring.

I don't work and am not licensed in New Jersey and obviously haven't reviewed the documents, and am not an attorney but will give you a basic opinion based on how this is handled.

@Peter Knox You need to decide for yourself as to how much time you want/can spend on RE investing.

At minimum look in Morgan Hill.Also I looked at Yelp reviews and KB Handyman in Gilroy had over 4 stars.