Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

A syndication or fund should have plenty of other issue, such SEC filings, accounting standards, actually being able to manage the business, actually running the business...As for credibility, a real estate license doesn't add much, in my opinion. 

You want to work with a professional who will understand whether the rehab that you do would be required to be capitalized and depreciated over years or eligible to be expensed in the current year.Furthermore, you live in New Jersey which has one of the more complex tax laws in the country.

Obviously, this can impact your overall cash flow. 6) it’s important to find an agent that knows the area well and understands how to work with an investor, as the process is very different than buying a primary residence. these are all things to consider, and there is going to be a learning curve associated with the process.

I understand it hurts to provide bad tenants money, however it will resolve the problem quicker and remove this frustration from your life, which I'm sure is worth a couple thousand dollars. 

It takes five minutes to understand how to do it.

I understand your sentiment, and it's excellent that you're starting to research.

If you desire to walk into someone's office nearby, that's understandable, but most things related to accounting can be accomplished the same way remotely with video call and email correspondence.We use a secure portal for all of our business and sensitive documentation. 

I opened the accounts under my personal name with a standard checking/savings account, however none of my personal transactions will be with these accounts, as they're set up just the property.  

I am the type of landlord who maintain my property with high standard, not cheap with upgrades and new systems, going the extra miles to fulfill my Landlord responsibilities but I also like to enforce my bullet proof lease.