Give your state's 'cure' term ("In New Jersey, a tenant has three business days to pay rent and court costs after a judgment of possession is issued to avoid eviction.

If one tenant has been in there for that long, there will also be some serious capex and turnover costs.

My questions is about opportunity cost.

So for the first property which will cost over $1 mil to construct, there will be stacked loans, essentially $280K will come from loan assistance program,( the name is not correct but the same idea).

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

There is always SOME manual work, but you can cut out a lot of the back and forth-- definitley.

You can avoid costly mistakes. 

Starting with house hacking is a smart move, especially in a higher-cost area.

Many out-of-state investors make big mistakes that cost them far more than a property manager would charge.

If I could deploy the same amount of up front cost to purchase an up and running portfolio.My calculations tell me that I can be cash flowing much more if I spend the money on a portfolio or complex.