What are the challenges a.k.a opportunities for innovative solutions, that you've found thus far in the NJ territory?

I've been looking forward to this for a long time, and while I'm stoked to be in the career of my dreams, I'm definitely aware of the uphill climb I'm faced with as a young novice.

Charging usurus rates and high fees bridges more on criminality, as I said, there are some who should not borrow money just for the sake of doing a project, especially when, if it is a viable project, it can be accomplished through other means like partnerships, buy-sell and repurchase agreements and management arrangements.I'm sure I'll be blasted, I can hear it now, the HML serves the public, serves those who would otherwise be out of business, assessing risks to the most minute detail (LOL) and since they have money, must be some of the smartest people walking the face of the earth and kindest even giving people a chance to succeed, ......yah right!

I've bought a couple dozen, but it is just like buying on the courthouse steps, along with all of the challenges and all of the same risks.

And track down the old and new PM and talk face to face.

This is purely personal preference, but I'd probably wait 6 months before raising any rent, and then just do it one tenant at a time (based on their renewal date or something) so if they do leave, you won't be faced with 4 vacancies :) Also - I would find out how much you can really get for rent from these places (maybe place some "test ads" on craigslist and see who calls, and look for comps, as you have.)Good luck!

It's more challenging in recent years with much stricter regs on seller financing.

That's the time to consider spending money and investing in your education; when you know what you want to do but are having challenges getting to where you want to go.

Anyone ever face this unique situation before?

Spokane seems to be a strong market, so you might face less vacancy and higher quality tenants, depending on the location.