Thank you You are confused on the vacation rentals home rules. 

I do understand I would have to wait before trying to take out equity in the house but this already a lot,  so explaining timelines as well is just another added confusion.

I should have done that in a separate post to avoid the confusion. 

I have looked into filing court papers myself, but when I read the requirements I keep getting confused.

Not to be confused by Fannie and Freddie's programs, which may also be available to individuals buying properties for investment purpose, but in their personal name.

However, I am a bit confused because the bill that the governor passed says different (see below)https://nj.gov/governor/news/news/562020/approved/20200901c.shtml

I'm confused about your suggestion to include this on Schedule E, since the Schedule E is tied to particular property. 

The PEX/pipelining thing is confusion between water supply (pex) and sewer lines (cast iron, clay, even tar paper)..

And while the last paragraph was very helpful about clarification on roles, I was a little confused about the last point you made. 

If I were to do it again, I'd get in with a wholesaler and get a lot more acquainted with  what neighborhoods have good appreciation...THE CHALLENGING PART IS THAT THIS MARKET IS A BIT CONFUSING!