Fire damaged property under contract in Macon ga ARV 34,500.

By then I would have lost lawyer's fees.I m not sure if NJ is landlord friendly state. this is my first investment in the state.To all landlords out there, never have compassion with a prospective tenant whose application is full of red flags. 

Any insight on the topic is welcomed and appreciated.

Inventories are low, price are high, and cash flowing prospects seem scarce.

The stock market crash of 1929 always appears as the leading cause of the Great Depression, but it was the ripple effects that did more damage.

As long as you have liquid cash or access to it, you can do some serious damage when the market slumps.

I've heard of some landlords doing live video calls (i.e. on FaceTime) with just a few people to show a property and answer questions at the same time, but I'm not sure if you could really do that easily unless you had filtered out most of the prospects first.

Down in egg harbor theres probably a bunch of older homes that have cesspools, wells, oil tanks etc.Things to consider in older homes is if the foundation has a footing, oil tanks, failing septics, knob and tube wiring, federal electric panels, aluminum wiring, galvanized waste lines, termite damage, old heating systems etc.

Recessions are exhausting, scary, sad, frustrating, anxious times; and while it might seem exhilarating to be able to find great real estate deals, there aren't too many people giddy over the prospect of negotiating short sales with seller who have no place to go or getting a great price on a house because the owner is facing foreclosure in two days.The best way to describe it is like receiving an organ transplant. 

I am fairly set in stone as far as being willing to risk damages in order to increase my potential tenant pool and my rent potential.