I feel like Property Management is probably the one thing that is difficult to incorporate in NJ since if you account for all the items I just listed rarely any property would make sense to purchase off the MLS at least. 

The lenders that we have applied with are requiring 25% down, which depending on how much the property is that you're buying and what rehab costs may be could push you over the amount of money that you have to put down.When we get some numbers I will reference you to the company that gave us the best interest rate, and possibly if I learn more I will share with you what I have found.Another thing to take into consideration is that when you are beginning to apply for mortgage loans to get pre-approved, you have a short window of approximately 14 days according to most Credit Score companies to get several quotes.

@Mark Hughes are you referring to Morris Invest?

I was referred to 3 different contractors by friends that live in Phoenix. 

So use their current numbers as a point of reference but really figure out how you will run it.

Wish I had a better response for you but you might want to reach out the file manager who is handling your permit and ask what's the reason for some of these items, sometimes the counter clerks have a check list and end up sending the applicant ( you) that list without considering what you actually need.  

I can refer someone if you're interested. 

The moratorium you are referring to might be that they aren't raising their maximums for different unit types.Your justification for raising the rents needs to be that what they are currently paying isn't in-line with comparable units...they don't care about your expenses or that taxes have gone up, they care that what they are paying is comparable to the rest of your immediate market, and under the maximum limit.

Very helpful - thank you @Craig Curelop and @Chris MasonIt looks like the lenders are baking taxes and insurance into the closing costs - as "prepaid items / reserves" - which amount to around $2000.The actual "closing costs" themselves amount to $5500 for a loan with 1 point - which includes title fees, state tax, processing, underwriting, appraisal fees, etc.Sounds like it can't hurt to do a bit more shopping but I definitely feel better that these costs are more in line with what's to be expected.

you can have them sign a brand new lease agreement, but if you are only changing the rent or simply extending your original, it is unnecessary. all you truly need from a contract point of view is an addendum to original lease, which references the original.