Im currently out on paternity leave and recently been following Robert Kiyosaki and in turn found Brandon Turner and David Green from BiggerPockets.

@Dan Hawker, You need to hold that property long enough to demonstrate that your intent in purchasing it was to hold for productive investment use (not simply to resell). 

@Judy ParkerMaybe @Jonathan Greene could help or has some advice I believe Bergen County is his stomping grounds.

The government and most people feel that's not as productive as giving them that 30-day notice.

Today he is actually a productive citizen and pays his bills but they did take his stuff back then at least once.

You'll get ventilation and filtration.Ductless doesn't provide ventilation.But it is much easier to retrofit.It depends on how much you want to put into it, and how nice you want the finished product to be.When you say "heat" do you mean propane, gas, oil or electric?

I am also running it through Loandepot under the FHA 203K loan and I spoke with my broker specifically about my intentions and they gave me the green light.

These will save you on lawyers fees until you get to a point where you'll want to invest in an attorney for lock-tite documents that create corporate veil protections.This is a great bundle which will help your knowledge on LLCs and Tax:https://store.nolo.com/products/nolos-start-and-run-an-llc-bundle-lopbun.htmlMost of these books should also be available at your local library if you want to save on paying for them :-)The biggest benefits in doing your LLC to start will be for tax purposes which a good CPA or tax planner can help you with.PM me and I'll share some docs that I have with you!

@Jonathan Greene - I like that exercise of making a list of places your family or friends live as potential markets rather than just going for hot markets.

However they are exciting to do and the finished product is always worth it.