There does not appear to be room for reduction in operating expenses.I am doing my own due diligence but would also like feedback from others in the local area as to what they think of the location, the property and prospects continued growth in the area and for increasing rents.

Even the note he asked me to sign was a copy and paste note from the internet, so obviously it didn’t cover a lot of the scenarios that came into play.

I would be very concerned that they didn't really have the cash up front to handle the move, given that that I believe the laws in NJ are more tenant friendly if they continue to be a problem and an eviction is warranted eventually.  

What I did to build my team was cold call everyone and ask them all for referrals.The same names will continue to come up over and over again and those are the people who can be part of your founding team.

Continue to collect rent. 

Look You gotta get control over this situation or you are going to find yourself in a lawsuit eventually if this nonsense continues .

“Realtors in most of the country continue to describe their markets as highly competitive and fast moving, but without enough new and existing inventory for sale, activity has essentially stalled,” Lawrence Yun, NAR’s chief economist, said in a statement.

It’s become “normal” for us to walk properties Saturday morning’s, and be on the beach by 1PM with offers in play.

I found a agent (who wasn't investor friendly), they gave me a lender (who was terrible), who gave me a title company (who messed up the closing continuously), and finally the insurance person (who gave me too low of coverage).

The HOA's are definitely going to play a big factor in my decision making.