I would also make a list to hand to tenants of you plan to repair and when once they move in. 

Adjust Your Daily RateYou should always know your market like the back of your hand.

I'm specifically asking how hands off you want to be with it

Once you start opening stuff up you have no choice, we hate getting locked into full gut jobs but when the condition is so poor your hands are tied.

On the other hand, homes in the Ironbound (East Ward) are fetching low rents, but are selling for a lot of money.

Wanted first hand opinions on whether cozy is worth while for a new landlord?

Maybe someday I will 1031 it if I cannot figure out any other strategy.I have found a handful of firms that would do a HELOC on an investment property (PenFed, TD, Wells) but I am running into underwriting guideline roadblocks on the fact that I have four properties currently being financed.

No advice on the out of state portion but if you and your group wants to chat about the Charlotte area I’d love to lend a hand

Ya see, when you are property management company millions and millions of dollars flow in & out of your hands all the time. 

Many of us who have first hand experience on how things went right and went wrong.