I would love to house hack this property (though understanding this may be challenging in a place like Jersey), so I can cash flow or even break even to live in the property while advancing my bigger goal which is implementing the BRRRR strategy in the next 1-3 years.

Thanks for your input.At this point I am wondering if I should implement RUBS vs installing submeters.

I don't have experience with these but would expect the lending requirements to be pretty stringent in terms of LTV an DTI. 

The renovation would need to occur before you take ownership to implement this strategy.

My concern is that more cities will start to implement STR restrictions/fees.What do you all do? 

I am working with a Real Estate Agent and she will be holding open houses, but are there any tips/tricks that I could implement now to try and spark interest?

I think if implemented correctly, co-living will allow the residents to live conveniently in a community setting at an affordable price.

When implementing an annual increase program, I would use the Cost Of Living Index and make sure the tenants were inform that was the reason for  the change. 

If implemented correctly, this can get you what you are trying to achieve. 

@James Masotti I remembered a while back you made the suggestion that the east side of Wilmington could see a turnaround if the new Police Chief (correct me if I'm wrong here) could implement a plan to correct the issues going on over on the east side of Wilmington.