So if you sell the NJ prop for $300k, with the above mentioned $100k debt/$200k equity split.

I do suggest using the BP rental calculator as you would for a MF to help you make sure things make sense financially.  

I'm sure like most of us on here we want financial freedom that our 40 hour a week counterparts wish to have as well.

I've had an interest in financial literacy for a couple months now and have been doing some basic research on the path I want to take.

Looking for long term debt.

Sooner or later, she may not able to keep up with the rent if her financial situation become worst.

I'm actively looking for a Mentor and would love to help that someone anyway I can to make our relationship a winning one for both.Don't quite know what else to say other then thanks for reading, talk to you soon and I look forward for our journey to financial freedom and greatness!

Also opinions about the use of debt versus cash in a partnership llc. 

I'd expect them to look at my financial situation and assets to gauge my ability to make this type of transaction, don't you think?

I am not you and you are not me, we live and invest in different markets, we have different goals, we have different skills, and are in different financial positions ... our return expectations therefore are and should be different.