My travel time to the nearest park is 2 hours; 4.5 to the farthest.   

I am willing to travel to neighboring states like NY and PA, as I reside in Bergen County. 

The co-ownership may not [...] conduct business under a common name, execute an agreement identifying any or all of the co-owners as partners, shareholders, or members of a business entity, or otherwise hold itself out as a partnership or other form of business entity (nor may the co-owners hold themselves out as partners, shareholders, or members of a business entity).Hoping to use TIC as a legal way to pool funds without getting into the web of SEC regulations and attempt to keep tax reporting clean. 

Texas, in particular, has caught our interest, and I'm currently traveling there.I'll be in Houston from May 1st to May 6th, seeking to connect with investors, developers, lenders, and others in the industry.

This is one of the things I look for whenever I travel and stay at hotels or STR's.

The previous owner exclusively rented to traveling nurses, and they continued to do the same for the first couple of years after purchasing.

But if you plan to invest out of state it'll be important to build your core-4: https://www.biggerpockets.com/blog/core-four-real-estate-tea...I'd also recommend traveling to any out of state market you plan to invest in.

Here is an excerpt: Standard of Practice 1-7 When acting as listing brokers, REALTORS® shall continue to submit to the seller/landlord all offers and counter-offers until closing or execution of a lease unless the seller/landlord has waived this obligation in writing.

Many people use hard money loans to do the initial purchase and rehab, but I believe those lenders typically want to lend to investors with experience because part of the criteria is evaluating the deal itself and the investors ability to execute.

The only way you could get to 3 quality STRs with that $80,000 is if you use the BRRRR method and execute it absolutely perfectly. and get all of your capital back + some extra to cover furnishing on every deal.