Generally when I talk to my customers looking to buy a property each year FHA usually gets in the way with one or more of its overlays and restrictions.

It is pretty odd and frustrating problem you have.

Inflation will cause rent to go up and if your debt against the property is based on fix rate, your odds will only get better.

One thing to watch out for is that Atlanta has significant short-term rental restrictions in place, and while Buckhead is trying to secede from the city of Atlanta's governance, it has not been successful in doing so. 

This isn’t 1979 where you’re restricted to properties “within a2 hour driving distance”.  

Not looking to be restricted to NW Philadelphia.

The property went into contract for $3M while still under COVID restrictions.

Paul has in the past enacted restrictions on raising rents.

They can definitely tell you what you need to know legally and licensing wise in NJ/NY as there are some restrictions in certain states and I think NJ is one of them. 

Review your loan agreement for restrictions, and consult legal and tax professionals to ensure compliance and protect your interests.In C State, you can elect to file MMLLC as disregarded entity for tax reasons.