Talking to your real estate tax person and an asset protection attorney and then making your decisions is a reasonable way to go about this task.

Get a reduced prepay in case the market does goes lower to protect yourself.

This is a great way to find deals and share your knowledge with others.Stay Informed: Keep an eye on market trends in Central New Jersey.

Out of curiosity, are there any specific locations you're keeping an eye on for future deals?

hi Sean we live in Ontario and have been investing in the us for 7 years. we did a lot of looking but are now settled in investing in toledo and Detroit. the numbers are solid and its the easiest place to keep an eyes on things. remote is possible for sure but things seem to go a bit better with a wee personal touch.

One area realtors are helpful is protecting clients from themselves.

Knowing that you'll have a good amount of eyes on the property at your ARV of $3.5M, I think you would be able to get it sold in a decent amount of time and save some holding costs. 

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Just trying to figure out how to best protect my assets as I've gotten conflicting information from reading only about the exposure.  

I recommend you use an attorney to ensure the contract is clean and you are protected.