Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

I specialize in assisting people to find the perfect investments.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

Does anyone (a lawyer would be a plus) who is familiar with NJ know what, if any, special licenses or certifications might be required by the state/municipalities to run an LLC that buys and sells real estate.

No special entity.

You might consider Niche or Specialized Housing like student housing.

If you can find one who specializes in a specific area, they always have their finger on the pulse of the neighborhood and come across deals that don't get posted.Good luckLarry

I have had an interest in RE for around 10 years, but like so many, have never taken the plunge.While I have around 17 years in commercial construction, specializing in HVAC duct systems, I have always enjoyed residential renovation as a whole, though my experience with it is limited.

You should know whether the policy covers basic (okay), broad (better), or special (best) causes of loss.Just my .02 from the insurance agent/RE investor perspective

I would at least get a commercial leasing broker who specializes in this or a commercial leasing attorney to do the lease.If you rely on an honest exchange between you and the seller to come to a fair lease for both parties you will likely be taken to the cleaners!