(i.e. initial decorating and painting, bookings, rate structures, marketing, bookkeeping housekeeping, etc)? 

It’s a market where cash flow is achievable without needing a massive upfront investment.

For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

If you haven't checked the market for homes with "inlaw suites" or whatever your market equivalent is that can be a way to get it done as well. 

Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.

Astonishingly, I'd argue that the luxury Oregon Coast Real Estate market is still a bit under the radar. 

Study the market.

Federal Tax Benefits: You can claim depreciation deductions and may qualify for credits like Low-Income Housing Tax Credits or New Markets Tax Credits for eligible projects.3.

In my experience, tenants that remain in place for 5+ years are almost always behind market rates.