Keep stacking cash, protect your credit, and focus on learning one strategy well.

My wife and I have done this multiple times moving property to property in North Jersey putting down as little as 3.5% Purchasing OOS will be 20-25% down costing you substantially more out of pocket, other hidden fees include:  property management, inflated turnkey purchase price, slow appreciation, low year over year rent in creasesMany will say NJ is not landlord friendly.

Real protection isn’t stacking entities like Pokémon cards—it’s running your LLC like an actual business so when a judge looks at it, it doesn’t feel like you’re just wearing a fake company hat.

Specifically, the capital stack set up/sources and uses/ debt terms? 

• Capital stack alignment — enough real cash in, realistic contingencies, and no hidden gaps.• Downside protection — how the deal performs if the exit takes longer or pricing softens.• Sponsor strength — experience matters, but liquidity and willingness to support the deal matter more.Strong deals don’t eliminate risk; they acknowledge it and structure around it.

And if you don't do your bookkeeping currently, consider taking it over (if you can confidently) for the year as those hours can stack quickly.One thing to consider is the benefit of non-passive treatment for your existing STR.

Hopefully if the deal does go south management will return all their development fees, PM fees, etc in best efforts to make people as whole as possible.

., landlord-friendly vs. tenant-friendly states)Everything is scored relative to the set of cities being compared, then stack-ranked.

Quote from @Travis Timmons:  What @Marcus Auerbach said - you are stacking risk factors.

Condo fees went up a bit, there were still special assessments for various things.