To avoid that, set a firm, realistic budget from the beginning and make sure you stick to it.

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now,  should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!

I am renting two units (1 basement and 1 side unit) in my primary residence.

I paid for a lifetime membership and then still got charged. 

I could keep it and rent it, rents are good and in high demand but just looking for a different property type. 

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

Sounds like you are already on the path to being an out of state investor and with the right team that can be powerful.  

I would consider staying with your parents and investing in another market that stretches your dollar and covers the cost of a professional property manager.

I'll have an engineer look it over and stamp off before I move ahead.

So, it is something to be wary of with the liklihood of choppy financial waters ahead. 4.