A year later do you think what choice you made was the right move?

So project choice and hard money go hand in hand.

My parents always use to lament what a poor choice of majors it was.   

It's your choice.

Either choice will seat 6ish. 

Now, this can be beneficial or bad on both sides of the coin depending on market factors.

I have all the funds at hand for at least one property, yet I'm confused between the various choice options including Jersey City, Newark, Union County, Bayonne, Camden etc.

If she's a salesperson, then its not their choice how much they charge.

Examples are as follows:5-4-3-2-1 (Stepdown in %)Flat 55555 (5% for all 5 years or 3 years (5-5-5)6 months of interest pmts on 80% of the loan balance (hybrid penalty)your PPP choice directly impacts your rate and DSCR so be sure to weigh out these factors altogether. 

This seems to be the case in states like Florida too, where you have to send it to auctionWhile this stinks for investors, it appears beneficial to the homeowners.