Plans of auto makers to develop properties in Flat Rock, as well as other surrounding areas, might play a role. 

I carry high personal liability limits on our cars and properties that are in my personal name.

I would recommend you work with an agent and use a CARS agreement.In the event you ever run into trouble with the tenant that lease spells everything out.You can always add an addendum.

I always have time to walk with them to their car while discussing the neighborhood.

I have no debt, no loans, fully paid off car, and don't have any major expenses that can drastically impact this endeavor.I'm mostly interested in using the equity of the home to purchase other properties and further expand my portfolio of properties.

So, to continue our example from above, if your mortgage payments with tax and insurance are $1,000 per month, you have a $250 car payment, $250 in credit card payments and a gross income of $4,000, your back end DTI is 37.5% ($1,500 / $4,000 = 37.5%).

They can also unhook and don't have to tow a car. 

@Julie MarquezI have a 5 car garage that contains no vehicles.....

Home has a 2 car carport 22 x 23 which I will convert into a 2 car garage.

I'm not familiar with the rest of Jersey and the only areas that seem to be in my price range are Camden, Trenton and Atlantic CIty ( all over an hour away by car which I don't own).Curious as to how others made their decisions and if there are any strategies or rules to base my decision on.