NJ requires the properties to be elevated prior to occupancy which is not practical. 

It is the step that protects you against fraud and other fraudulent practices, like one of my mentors will say “ensure to check all checkable “.Your Realtor and your lawyer should be able to assist greatly in this as this is why you are paying them, they should help you verify the tittles on the land, ascertain the real owners from both the land registry and the traditional registry and ensure you are not buying government land or land in dispute.(9)TAKE IMMEDIATE POSSESSION:- Always insist on taking immediatepossessionof your propertythat’s why I always advocate for people to buy from real estate companies doing immediate allocation., insist on collecting all your documents immediately so as to forestall falling prey to confidence trickstersCONCLUSSIONJust take action today, Contact a realtor and kick start Investment in landed property.

I think it's a better business practice for me to find and repair small leaks myself, rather than jousting in court over who's responsible for the damage the big leak caused.

I own a three unit Medical/Dental building built in the early 1970's. 

@Tim Coulter I'm in SD and just started analyzing properties using BP insight for practice and past investments.

I am trying to learn as much as possible and somehow I can relate how practical it is in estate planning, tax planning, using debt as leverage, snowball effect, creating a generational cash flow using depreciation to offset income etc.

if not, the seller's broker might actually find burdensome to deal with you as they would have to spend time walking you through the process and potentially dealing with any objections that most brokers would perceive as insignificant3) any REBNY broker is obliged to co-broke. and to be honest, it's bad business if they don't for multiple reasons: first of all, a broker represents their clients' interests, not their own. and their interests is to have the property sold at the highest price as fast as possible. period. if a broker is giving preference to a buyer for reasons other than their own qualifications, that's bad practice. and if your broker is a bad ***, and finds out that they were being unethical, they could lose their job and license.4) sometimes, we ask if someone is being represented at first contact because two things can happen:i. you're not supposed to show up, late on, with a broker, if you have already made contact on your ownii. a broker who you have contacted before may have already inquired about that property and registered you as their client. and if you have signed an exclusive agreement to work with that specific broker, you may not be able to go around it even though they may never find out.My personal opinion: a good broker is always game.

What would make more sense probably around 350 a room.Let’s say for practice sake, I was able to rent it out for 2100, with the stated tax and everything.

It's common practice to deduct your assignment fee in the 60%, 70% or whatever formula you use?

I do practice what I preach.