If the lease is at market rents and the unit is in great shape, it could be attractive to another investor.

The only challenges you haven't mentioned is advertising for roommates, screening them and where to get a lease.

Until I had my own I just used the state long term lease agreement.

Their book is super helpful, and so far I'm guilty of at least half of all the newbie mistakes they talk about, so I expect my rental operation to improve as I implement their advice over the course of next lease term.

You’ll buy a property pretty much at market value and the property management company will handle the day to day items.

This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

If it is in or near to New Jersey, I like finding a vineyard farmer, and lease this land to them.

VRBO collects the tax for you as a separate line item on top of your rate.

Other items such as having accounts in a foreign country.If you are single/married, with a few W-2's, interest/dividend accounts with one rental property.

I would lease it to cover cost for 2/3 years and then I would sell once I could get $475,000+  Would be a nice ROI and is actually doable.Love this idea!