As good as it sounds its just hard to believe everyone and their brother isn't taking advantage of it.   

The costs sound a little low to me if you are talking turn key including permits, site work, utilities, plans, surveys etc.

It would be helpful to learn how one lands the jobs that come up in this forum and how much entry level positions pay.It sounds like you are focused on leaving a legacy which is amazing.

Does this strategy sound feasible?

And since there's no mortgage you might be able to find a modest rental close to you that will provide a positive return.It sounds like you are already under contract to sell your investment property.

I'll have to do my dd on this one, but getting assistance sounds great if there's no catch.Thanks everybodyOut of state investing is very common, though I have no idea how common it is to not have actually visited any of the properties. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Sounds like you’re ready to take charge of your future!

This sounds like a project that is more likely to be financed by a CDFI in/around New Jersey.

It sounds like you have a wealth of experience across various investment types, and the focus on Lexington’s growth potential is exciting.