Thanks for spotting that additional "real property" question. 

Even successful and furnished properties often need a refresh and at least some additional reinvestment due to wear and tear. - Production: Typically STR production on the Oregon Coast is +/- 10% of valuation.

Perhaps you could consider hard money in addition to private money?

Your post neither provides valuable or additional information nor did you post direct questions like the rest of us do.    

Let me know if I can provide any additional tips or resources to help.Best regards,Sadler Surratt 

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes. 

In addition, I have my home that I recently purchased with a tad of equity for maybe a Heloc. 

I rented out the additional bedrooms to friends and family, charging them well below market, and sold when it was time for my wife and I to start our own adventures.

Best to call city hall for the town you are buying in to see what if any rent control rules are in place. see link below if you require additional information and call the Jersey City Landlord Tenant relations office. https://www.jerseycitynj.gov/cityhall/HousingAndDevelopment/...Jersey City CPI chart on recommended rent increases: https://cdnsm5-hosted.civiclive.com/UserFiles/Servers/Server...The state with the highest eviction rate in the country right now is South Carolina. 

I rented out the additional bedrooms to friends and family, charging them well below market, and sold when it was time for my wife and I to start our own adventures.