I asked if I could use the appraisal that was done two weeks ago and he said that banks can no longer request appraisers and instead have to assign appraisers randomly....so if the appraiser I used happens to come up when the computer makes its selection I can use the existing appraisal (which could be likely since there are only 5 or 6 active appraisal companies in town) I also asked about the option of just selling the property to someone else, and he said that a 90 day seasoning period is all that is required along with documentation of repairs.

I live in northern NJ, Morris county.Also I am under the impression RE companies are caught between a rock and hard place when it comes to training employees because the better they train an employee the more work he/she will take from some one else but at the same time if an employee is trained poorly it will reflect there company.

I am trying to select a town/city that has the most investor activity and I think this would be a good way to find out.

For example a nice shower head will make a big impression on a high percentage of potential renters- Always and I mean Always really check the condensate drain for AC units.- In single family homes, put a clause in the lease saying not to store anything in the attic.

I guess I could be wrong, but I was always under the impression banks lending on fixer uppers was pretty slim for investment purposes....

I found Bigger Pockets in January while looking for guidance on something and was impressed.

I am impressed

But it means the seller was looking for a discount when selecting an agent, which isn't always a good sign.I suggest getting clear about the max. that you and your wife want to pay for the house and make your counter offer and leave it at that.

As nice as the finishes may be on the home, the person the home is being sold to may not be as impressed by all the fancy fix ups done to the home.

In CA I prefer the LP structure because of the high state fees for LLCs that produce a high level of income, but you should check with your tax advisor for specific entity selection advice based on your income and tax situation.