In my opinion the only advantage of opening an entity is for asset protection. 

In my opinion that seems pretty steep.  

Of course I would want more insurance than what I owe on the property (at least market value plus 20%) but in my opinion replacement cost is not worth the premium. 

That in my opinion is a very poor  practice and indicates a hobby landlord approach to business.

My opinion is that if you can't either get significantly over 1% or can get houses in the $60-$80K range, or even less, with financing, you will become rich.

I have a question I would like to get everyone’s opinion on.

Needed a good bit of work but property had great potential in my opinion due to cost & location What made you interested in investing in this type of deal?

Just want some insight, opinions, and possibly experiences on this subject.

You will get many opinions on here based on that persons specialty and area of interest.Good Luck  

@Vanessa Hernandez anyone on BiggerPockets who puts out a blanket statement that NJ taxes are high in my opinion are not looking at the overall picture of what NJ income properties can bring to the table.