@Roy Kinzer Rent control in NJ can be a tough pill to swallow and unfortunately has caused many of my deals to fall apart quickly once buyers/future landlords realize how strict the controls can be.

You are questioning the value, unsure what kind of buyer would be interested, etc?

You may not get the same tourist volume as Pigeon Forge, but you’ll attract a more consistent, quality guest base.If you're leaning toward an MTR, healthcare contracts and university housing demand will give you a steady stream of tenants.

But some believe condos are riskier due to potential mismanagement of the community by the HOA.As an out of state buyer seeking a low risk/maintenance LTR, are there any glaring downsides to buying and renting out a condo? 

We attract high quality tenants. 

From my research, it seems that the best way is to ensure the end buyer's funds are at title in escrow (with the clear to close) before you approve the release of your funds.

Supposedly, the CS program has you find folks looking to get their deals funded and as the CS "broker" you get to charge the buyer a % which gets paid at closing.

They're affordable enough to allow good cash flow, while also attracting decent tenant quality.

Basically, lowering the sale price as long as the buyer pays all the owed taxes as well.

I then modify those numbers based on the buyer's preferred down payment/return hurdles.