Happy to chat and help you compare your options.

Unless new companies create replacement jobs in the city requiring similar skills and pay comparable wages, your tenants may be forced to take lower-paying service sector jobs.

Things like your ADR, photo quality, current ratings, the number of reviews compared to your rating, and, of course, listing optimization (SEO).

Some rents in what some define as an A may hold strong values but rents compared to purchase price may not be comparable to a B.

I did work for a commercial real estate investor prior to jumping into syndication, so that gave me a strong knowledge base to start with.

A performance deed executed prior to default violates the borrower's right/equity of redemption in many jurisdictions. 

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

It’s a little more work to set up, but if you get a solid property manager, it’s not as scary as it sounds.If I were you, I’d keep digging into the Capitol region, NJ, and CT—compare the numbers, and maybe even start building connections with agents or wholesalers in those areas.

However, the rental value this area is very low compared to the Home values and mortgage rate.

Appreciation kind of lags compared to other places further east in northern Alabama.