As someone else mentioned there will also be additional expenses when you bring on a property management company.

Will add it to my calendar and try to be there.

Additionally, acquaint yourself with New Jersey's security deposit regulations and be prompt in addressing maintenance issues, possibly with the help of a local handyman.

Especially when investing out-of-state, take into account the time, work, and obligations needed in maintaining the property.Create a Long-Term Investment Plan: Develop a long-term investment plan that outlines your goals, strategies, and timelines for acquiring additional properties.

In addition, focus on the true decentralized side.  

So the only difference I see is that I have to pay an additional origination fee of 1-2 points on hard money.

So, this is my 10% contingency on the estimate.Then, if there is a major item that I'm not confident in the cost, I may add an additional contingency there. 

A few additional things to consider between the two loan types: prepayment penalties, probability of closing, points/ fees.... and vesting (LLC or personal). 

Real estate websites such as Realtor.com, Redfin, and Zillow can give details on recent sales in the area.Use Real Estate Investment Calculators: Take into consideration utilizing additional online real estate investment calculators in addition to the BiggerPockets rental property calculator.

I still think we see 3 cuts in 2024, or a roughly .75% - 1.25% reduction in the Fed Funds rate, starting in June.