Our agreement was he pays as much as he can and Up to half of the 1020 a month as regularly due!

You aren't the federal govt; you can't just make money out of thin air :) :)This assumes you are taking the hloc against the same property you are trying to remove the PMI.

I was living in Texas and after two other managers who just continued to let the place deteriorate I was down to 4 out of 14 tenants left, and homeless, squatters, gang members, and people conducting illicit activity overran the place vandalizing units and leading to regular police visits including for a homicide. 2nd half of 2021 is focused on rebuilding.

My wife and I are not regular investors.

Third, the seller can still receive regular returns without needed to "fix toilets."

The property is 100 yrs old and requires regular upkeep.

Also keep in mind vacation rental can be done long distance but it is more a customer satisfaction / hospitality market where as seasonal rentals (say a few months) are more like  a regular tenant market. 

You can get regular residential financing (backed by freddie/fannie) for up to 4 units.

If you are serious about wholesaling I can give some unvetted advice as i'm just breaking in myself but am having regular conversations with sellers.

So they don't pay twice, but it removes any incentive to use one agent for their marketing and then hire a discount agent as agent #2.All the details for NJ should be in your contract.