I don't know if things have changed since then, but it would be worth talking to a lender to see what they can do. 

It's the focus of most of our RE podcast content, including the featured episode this week, with @Chad Carson, and @Dave Meyer.Curious - why do you think that this wouldn't be allowed on BiggerPockets? 

If there happens to be tax benefits available, that's gravy.  

I'm based in Tampa as well. 

Being in NJ, market is super competitive, so need to figure out how I can maximize the profit.

Meaning that the property must be free and clear.

I think finding someone to work with is going to be a great way to build experience and avoid beginner mistakes. 

CAPEX can be minimized by purchasing the right property, frontloading fixes, and having a reserve fund- all of which you would have with an LTR as well. 

However, if we go north end, I'd be forced to quit my job, due to the new home being too far away.

Would be helpful if you use them currently or have used them in the recent past to better be able to speak to the pros & cons of the company.I’m also likely going go need a reliable GC so if I’ll take those recommendations as well if you’ve got ‘em.Thank you all in advance.E.S.