Lack of experience isnt necessarily a problem so long as the competence is clearly there and there are healthy margins of safety in the deal. 

Quote from @Jules Aton: Quote from @Bruce Woodruff: Quote from @Jules Aton: Be sure you aren't over improving but if in a decent market I would: -Paint all the wood tone trim and cabinets white or off-white add modern hardware -New light fixtures-New sink and quartz countertops- continued up backsplash would be the cherry on top if you can afford it and the market supportsI really don't believe that you can over improve a kitchen, as long as you keep it simple like we're talking about.

As long as I can get into one with my practice and work schedule I will absolutely love to attend! 

Hey @Mia Blank padsplit is pretty new to our market here in central OH so I've not had muhc exposure to it, but I imagine its like anything else, its down to how you manage and the details.Padsplit as I understand it is mostly based on the rent by the room strategy so as long as your units were at least 2 beds it would work, if it were me I'd want my units to have at least 2 baths each, better yet a double ensuite. 

As long as Plutocracy reigns.... 

As long as you are okay with the higher risk, maybe it could work.

They may also be able to help you place a tenant or get a better idea of what you should be renting the property for as well.As long as you aren't currently living in the property then you can go with a DSCR loan.

I would assume (and its a big assumption because I am not familiar with the particular's of NJ's licensing laws and regs), that a Salesperson license would suffice as long as you are operating under a Broker who allows their agents to act as PMs.

And vet the operators/managers you work with (interview them, ask for references, etc.)By far the biggest mistakes I see with out of state investors is buying in bad areas and hiring bad managers (and holding on to those managers for too long as well). 

So as long as the tile is then undisturbed, there will be no trouble. we have not hidden the "offending floor" when showing the house.