Recommend you start putting more effort into your business or you won't succeed:)BTWL most PHCs will require 3-5 rental comparables to support any rent increase request.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

At least Passaic and even Hackensack (bit more $ than Passaic but still a few class C areas left) are not as tenant friendly as compared to Essex county.

Obviously HOA fees are usually pretty outrageous when compared to properties where there is no HOA or it's a typical SFR neighborhood with typical HOA dues for things like cutting the grass in common areas, or servicing the neighborhood pool. 

I would compare the rates they give you with other quotes and see which gives you the best combination of coverage and price.

My husband and I were comparing notes the other day about over-used and meaningless words in our work, one of his worlds being non-profits that focus on public engagement, and mine being RE.

Bryce, the cost savings from managing your property yourself will never compare to the potential discounts and opportunities you can unlock with the right connections and focus through a good property manager.

However, when you weigh that against the reduced maintenance and energy savings, it can balance out.Longer Lease-Up Time: New construction properties might take a bit longer to lease up compared to established neighborhoods, especially if the area is still developing.5.

What should I be careful about compared to buying an existing property, and are there any key differences? 

The metrics for occupancy / income from 2020-21 are not going to be comparable to what's going on now in the area in my opinion.