Think you'll have difficulty with most lenders and Tile Companies in trying to use a "Quit Claim Deed" in Texas.

How difficult is it to manage 40-60 units as an out of state investor?

I recently quit my W-2 Job an am now having difficulty being approved for even a small conventional loan and looking for advice or tips. 

The buyer is left with some skin in the game and uses a PM company NOT connected to the realtor or Turnkey company. 

One of my tenants decided to rant and rave at the currency exchange staff when she was unhappy with having to pay the rent and blame them for her difficulties. 

Personally I don't like dealing with the government and the difficulties it imposes and do not accept vouchers. 

My opinion is unless you desire to speculate on the Jersey City Housing market, and find that the ~400 loss per month is worth it to have skin in the game, then I would sell.Based on the wording of your post is sounds like you prefer stable cash-flow properties to speculating on the market, but both are fair strategies when properly applied

Most people are going to want you to have some skin in the game.

My previous 3 BRRRR's were all done conventional and technically I have no skin in that game.  

I’ve read about HOA’s fees, condition of the HOA and the Board of Directors, slower appreciation than SFH, and difficulty selling the condo.