Ignore the naysayers (there will be many) and find the wise folks who offer good advice.4.

I'd recommend determining your true return on your existing house, including $1,700 rent, less vacancy, management fees (should include whether you self-manage or not), taxes (will increase in SC more than your calculation), insurance as a rental, maintenance and cap ex (often ignored or under-estimated).  

I just roll my eyes now because I realize that it's incomplete information, outright ignorance, or sometimes a bad experience that drives all the hate. 

(Ignore this post or please delete, BPs moderator....I could not figure out how to delete

Ignore the 1-2% rules on here but understand that entry to play in NJ is high.

Financially it makes too much sense, but in a country which still refuses to adopt the metric system there is the potential for builders to ignore this opportunity.

@Jamie HenkinAbsolute yes on the inspection - no matter how good you know the turnkey company, how many properties you bought from them in the past and how much you trust them, I would ALWAYS order a professional inspection.Even more so, I would not go with the property inspector recommended by the turnkey company to avoid any potential conflict of interest.The turnkey company may have missed problems during the rehab, they may have cut corners on other things and just ignored more things.

But, ignoring your OWN fundamentals could be very risky!

Funny how you would like to ignore the advice people have shared with you that own commercial real estate or have their property manager's license in the same state your property is in.

Understand that dealing in real estate, that is fairly well regulated and carries compliance requirements which are not areas to be ignored or assumed.