So far, no big changes for me.....sure prices of materials and supplies are creeping up, but I raised the rates of our STRs to more than compensate for that.

Hi @Jake Korossy single family can be tough in NJ.   

You could potentially go back to the inspector or maybe even the sellers if it was something material that would have made a difference on the decision to buy that was either withheld or not flagged as a concern when it should have been.

Passing through 1-bedroom to get to another bedroom is a very tough sell to a quality tenant. 

Tough to find these type of deals, but they are very exciting when you do.

Title cost’s vary so it’s always wise to shop and setting up your escrow are always a tough in the cases that multiple months need to be accounted for but usually those are done accurately to protect you so your HOI and taxes are paid timely and their is no shortages.

You see, contractors have a precise mathematical formula on how they charge, and if you think a contractor’s fee is based on their level of expertise, the scope of the job, cost of materials, and or other factors that would make sense, well then, you’d be totally wrong on any one of those instances.Contractors have their method of pricing, and it’s all about you!

I don't disagree that it's a tough job, and ultimately I may end up going the property management route.

Being a dual agent puts them in a tough situation as they owe a fiduciary responsibility to both parties.

It really depends on what you are looking for......the higher the ROI on paper the higher is the risk that it will not materialize and on the other hand the lower the ROI the more stability you can expect in terms of quality of tenant and condition of the property.