We intend to keep the SFR as a rental.

Like what happened in the wildfires in CA and the NW .. we have to keep in mind whole cities burnt down as well in N.

I agree that the AFB and Trinity add stability to the area specifically around Minot, but I am always fearful of a reduction in the Air Force presence here. 

Specifically, how to go about managing unrelated persons living together per county or city ordinance and lease structure. 

Are you buying to flip or keep as a rental?

My options are:Sell: Maximize down payment in NC, reduce debt.HELOC+Rent: Keep NJ property as an investment, rent for potential $3,300/month.I'm interested in long-term wealth building.

Low repair/Cap Ex and great potential appreciation.The one thing to keep in mind is which property is likely able to help you scale faster?

@Daniel ToshevI received some good info that might make this possible for you.Give me a ring happy to discuss more I can connect you with Danielle.From my go to lender:Danielle AndersonLoan Officerthe leases would need to be specific that they are only a portion of the home (Basement) and upstairs.

It is good that you have reported this to the state which will have implications on their license.In addition, I would consider sending them specific emails (for your records) and rekeying the properties and gaining access to them. 

Asking as a seller to keep track of payments, loan balance etc.