I personally would stay away from condo-tels as they will be even worse and you'll have less opportunity to cash flow. 

Also if any NJ agents that are familiar with using these and transitioning out of them can reach out for some advice and education that would be great seeing that I will need an investor Friendly agent over here to help guide me through everything.

@Abby Chapman I would stay clear of NewWestern/Net Worth.

After talking with an operator I felt he was a good choice for a tenant and he mad a great offer above market for the apartment so we agreed.In the past I would usually rent my own units and to stay competitive I would keep an eye on the rentals in the area and try to be one step above if I could....This time that was a little tougher as the neighborhood hasn't gotten very trendy. 

We had hoped to rent our house for short-term or mid-term stays.

The tenants wants to stay. 

They sell you a package to enter and then find you people to stay and never paid you back!

👋As real estate investors, staying ahead of the curve often means thinking outside the box.

I also have 401k with 4,500 which I estimate will be 7,000 by the end of the year.Fund 1: 24kFund 2: 180k401k: 7k Right now, I am a renter that pays 900 per month, with a stay at home wife with a child on the way.

If long-term rentals don’t cash flow, short-term or mid-term rentals (Airbnb, traveling nurses, corporate stays) might work better.