When I reviewed the actual TD, it said something to the effect of "this TD secures a  maximum of 501K in debt" since it was the TD securing a LOC. 

But if not, it would probably be more cost effective and quicker to evict the tenant yourself. 

That’s super high level though and maybe still not the best measuring tool for analyzing markets. 

Just be wary in NJ about taxes and the effect of a non-paying tenant.

@Russell BrazilI would argue that the yield if an asset has everything to do it.Why invest in one 6% yield asset when you might be able to invest in two or three 12% yield assets in another market.The point was about judging the effectiveness of the BRRRR method in a hot market.

I think some of the first things you should know, is that there are lots of online tools and information for you to use to get the best tenants and the most out of your rental properties.

@Nailah DiazHey Nailiah just yesterday I saw on my google feed that keller Williams is entering the flipping real estate business to keep up with new companies like Open DoorWOW I never heard of such but please keep us a breast of what the outcome is.Please don't be discouraged as investors our real jobs is solving problems hopefully you solve this one so we at BP can put that tool in our toolbox

I'd like to explore investing in other towns/cities in my state.Is there a reputable online tool for quickly analyzing the need-to-know data points in unfamiliar rental markets? 

however it is rare you get a fire after all the homes we have had I think we have had maybe 3.. when I had my big rental portfolio I was just about to go to self insurance.. at 200 to 300 homes in the low value asset areas self insurance for fire becomes very cost effective when its private equity and no bank.  

The checkbook IRA or Solo 401(k) are more nimble and cost effective.