Regardless of your lease your state may limit your charge.  

(ideally 2 triplex or 1 quad & 1 duplex; minimal amount of properties) AND build equity.So my thoughts are, the reason Newark is not best for new investors, more relates to those with limited funds.

My STR property has extremely limited internet options, and I'm wondering if Google Fi is a better bet than the local providers that are likely unreliable. 

As you grow, you certainly want to look more into higher limits of liability or an umbrella policy. 

You need the landlord policy if you are going to have a rental.As far as the Liability limit, I suggest having $1M for a single or duplex. 

Even if you win you have to find a way to collect.Then there is small claims which has a limit.

Hey @Alex Prescott, Like @Patrick Prunty said it won't be hard to find a lender that will lend to a borrower with no experience your terms and loan amount may just be limited in comparison to what the experienced investors would get.

The fun thing with notes, is your only limited by your creativity.

I think Teresa interpreted it correctly based on the limited info provided.

This has its own limitations.