Keep in mind comps can change in the 1-2 years you plan on living there.

But that is the one thing to keep in mind. 

Hi Catherine,Welcome a board to Bigger Pockets, it's a great place to learn and Network with like minded investors. 

College used to be a lot more affordable, I studied in Europe (where college is free) and it blows my mind to see kids with 200k student loan debt trying to get ahead on a 50k job.The housing market has started to drift apart geographically.

New Jersey is a great place to invest especially if you are open minded to the idea of house hacking. 

In my mind, you only have control over how you market the property and how your respond to leads and where you price it.  

I could message you my number if you don't mind!

The engineer is giving you peace of mind that it does not need to happen immediately.

In my devious mind, I thinking like you that I hire a parking attendant, install gates and charge an entrance fee if I bought it. 

With that in mind, which approach do you think works best:1.Use property management software (PMS) as an intermediary to automate payments and fee splits while reducing legal risk and simplifying operations?