New houses grow old with renters.. it will never look better to put on the market than now.The "wanting to get experience as a landlord for this type rental.. a SFH is marginal for just this one property" better to take a class at a landlord tenant association so your prepared more to do that in the future.Personally I'd sell if the tax guy thinks it's wise to do, otherwise the depreciation and losses you may have renting for the next few years might offset and keep it about a even trade off to sell later.

If this is a great tenant who pays on time then will finding someone similar be easy and quick to limit losses? 

I love all the great food.

I was thinking on buying a Row House in Metuchen, NJ (a wealthy residential borough, well connected with a direct train to New York City - 45 min); the house is located at about 15 min walking distance to the train station, also in the town center, where the train station is, a huge building complex with luxury apartments was just built as well as a Whole Foods store which is going to open soon.The questions are:1- Which are the Pro and Cons of buying a Row House?

The disadvantage of the this coverage is that in a full loss or a partial loss, the company is going to deduct for deprecation. 

Even though my Profit and Loss Report by Class would show I took a loss on a building or a unit, my checking account never got into a negative, due to the money I placed in Escrow to cover such things; therefore,  tenants not paying rents, vacancies,  damages, and the other things I've mentioned above. 

I am kind of at a loss at what to do.Any help would be appreciated! 

I would imagine that as an individual, you would probably need a limited power of attorney, then you could call the loss mitigation department (or whatever it is called) and discuss on behalf of the seller.

Make sure the place already has a pool and benefit from the sellers loss.

This lends to going down the path of possibly providing the tenants with financing, installment contract, disguised sales, delayed closing transaction, equitable interest, refunds, lawsuits, loss of profits... etc.