It will cause further problems in banking and possibly HUNDREDS of small to medium sized banks will fail.

Why would higher interest rates causing prices to come down be a reason to not leverage?

Yes, better you do that than them screwing up the filler tube, plunger or float and causing bigger issues, like flooding the place.Do you inspect the property of the lease term?

You need to worry about environmental contamination, illegal dumping next to the gas station over the years, and leaking of gas tanks.It doesn't matter who caused the contamination the EPA will make the current owners clean It up.If it's a new build the seller should have a phase one completed on the land.

The risk is very high.The county department of building is notorious in delaying the building permit, meaning that it's quite possible I can't even start the work for the first month or two, waiting for the permit to be issued, (no electricity in the house yet).Anything else unexpected which causes money will impose more risk on the weak financing.My question is: Should I pursue this flip?

Are there flags that may cause Banks to sell immediately?

Otherwise good tenant candidates can fall victim to any of these causeing stress for landlords.     

Having two little ones at home can cause plenty of household stress for both of you.

Can I give a notice to vacate to MTM tenant that has no existing lease in NJ without a just cause?

This way you can cover the property and General Liability and not have to risk a major los if a tenant causes a fire.