@Darren McGillvrey Your question really depends on the terms of the lender.

It will cost anywhere from $500 to $1000+ depending on how intransigent the tenant is.

Capital gains tax rates depend on your income level however, an IRA distribution and the depreciation recapture are treated as ORDINARY income. 

My properties are in PA as well SFH and 2FH, rents vary 425 - SFH - 450 lower level and 550 upper level of 2 family. the SFH has a washer and dryer that is free for the tenants ( put it in when my daughter went there ) and the 2 family has 2 stacked washer dryer units, coin operated, with a coin machine next to them. both properties i pay heat, water, sewer, trash and internet, tenants pay for electric / also includes hot water because hot water heaters are electric. ( 2 family has 2 heaters, make sure you separate them.

You're not going to cashflow on a water front property and you may have issues with seasonality and/or demand in a very tourist-driven area.If you have an idea of where you'd like to invest and what the numbers might look like, a good way to test the waters is to put an ad on craigslist showing a potential property with the rent you'd expect to get and see what kind of interest it gets.For my rentals in Louisville, over the past 6 years I've had anywhere from 2-3 emails a week to 30+ emails per day depending on the location, rental rate and time of year.

I really depends on how your are structuring the investment.  

I'm in Clearwater and can help you out depending on what contractors you need 

If you can have an addendum of removing the clause and seller is ok with it then you should be good.There will be local REI in NJ depending on your location where you can meet these guys.

Terms vary from lender to lender, from friends, etc.

Depending on your state law, you may have not allowed to accept it.