This is new to me and I know NJ isn't the best state to be a landlord, so trying to figure out what my rights are.Secondary question - is it worth going through the small claims process to recover $7,000 from this person?

Personally we don't.

Picking personalities is a really crucial part of the process and making sure that the vibe stays positive and collaborative.

Personally I’d house hack it all day long to build up that portfolio.

Sometimes the person you are flipping the property to might be willing to advance you the money you need if he wants the deal bad enough.2.

To answer your question -trusts are used as part of an estate plan to direct ownership of your property after you die - either passing it to another person or, for your baby’s sake, holding it under the control of another person til the baby becomes an adult.

Your ability to buy may vary depending on property type, location, age, complexity, financing, etc.  

But that is in fact the "hard" in hard work.I use mainly direct mail for my wholesaling and the highest rate of return on any individual campaign is between the 3rd and 5th touches after you've become a more "known" person to someone who needs help getting out of a jam or simply wants a no hassle exit.Will be looking into hiring a VA soon, any companies you'd recommend?

Any suggestions or personal experiences/insight would be appreciated.

If you collect income in a LLC you have to file LLC returns then the income flows to your personal return on a K-1.