For example I had my slow teenage kids with me and I hadn’t replaced the keycard by checkout time (6 minutes past), although we were out of the property and had locked the door by that time.

Assessments in NJ are not done on sale, unless it's a new build or a complete renovation where the permits tip them to reassess, so every three years or so they reassess all of the properties and taxes go up most of the time.

Focus on finding a replacement with strong tenant screening processes and performance guarantees.

After assessor comes out and consults with insurance company, they'll send demo guys out to come do demo work and remove wet drywall, insulation, etc. they'll usually put down dehumidifiers and let the place air out a bit to see what actually needs replacing and what was able to dry out.

If everyone would simply eradicate that from there vocabulary and replace it with "Realized PERFORMANCE".

My landlord insurance will have to cover the costs of fixing the interior like replacing carpet, interior painting etc.

Gold tip.

Adding paint and replacing flooring is not going to add much value in the typical case.  

I make a decent income in a corporate type job and have an end goal of someday replacing that.

I am very excited and nervous to start my investing journey and wanted to come onto the forums to ask for any tips or guidance before I jump in.