I’ve built strong relationships with local agents and other investors in the Hamptons, which helped me discover this off-market property.

Quote from @Andrew Betts: Hi Michael - We own and manage homes in Solara, I can recommend it for a strong ROI, and there is full access to the clubhouse, and better quality food and drinks there, than at other resorts. 

With your strong W2 income, you’re in a position to recover and reassess your strategy.If you decide to stay in REI, focus on what worked—like your earlier BRRRRs and house hack.

New construction in a saturated market isn’t always the best play if you’re looking for steady returns.A place like Rochester has way better fundamentals—lower buy-in, strong rent-to-price ratios, and stable demand from universities, hospitals, and major employers.

Like you said, it was a strong seller's market then with steep appreciation, multiple offers, way over-asking price offers, escalating clauses, appraisal gap coverage, buyers waiving all contingencies, etc.

There is strong rental demand because of growing population, job market, and the booming tech scene. 

I agree strongly with all the above. 

I will need a strong property manager to help me with the out of state management.

I would consider selling, i’m not necessarily saying you should, BUT only hold if you have a very strong belief in the appreciation of this property. 

Build a strong team, including agents, lenders, and property managers, and use tools like the BiggerPockets calculator to analyze deals.