If you're doing that correctly injecting $60k of your own $$$ into the property makes no sense financially.

We feel like this gives us a pretty good background to start, but by no means do we think we know everything we need to yet.The area around UCF has improved quite a bit in the last 10 years and home prices have risen considerably, but it seems like there are still some promising areas to find deals.

If you are not happy in your current role and/or company, there is no shame in pivoting your career into something that attracts you and positions you for long term growth.

Typically if local management is in place, it is no problem. 

I think that is the biggest issue but perhaps next year when my income is better I might be able to use both my income and the boarder income.

(They are no longer taking the high risk of insuring rental properties in CA).

(We've had a prior incident but tenant dropped it after I said no.)

Is moving security deposit to a brokerage account a big NO even though it is FDIC insured?

Ali,When planning to buy in NJ the biggest thing I would tell you is to plan/research for the closing costs.

Desperation shows no shame sometimes.Stick to your gut homie.