@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

You can probably make up for the perceived loss through the reinvestment in your US business.

A business partner approached me about it, and I negotiated the deal based on CAP rate.

As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”

It is a lot of work to build property (more than fix and flip) so prepare to be busy.  

I've been in a co-living mastermind for a year, but I'm curious how you set your business up.

Your LLC has no "business" other than the asset(s) it owns.

Quote from @Sergio P Ramos: Update:I've been really busy since my last interaction.

I would like to learn the business.

Quote from @Gianma Vanzo: My wife and I are HI W2 and business owners.