Even then, you can expect they won't be able to maintain the home to the same level you did while living in it.

One of the smarter recent strategies is the owner is living in the ADU and renting out both levels of the main house on AirBnb.I invest in the Bay Area and Indianapolis metro area (Class A suburb and Class C).

Just as you will be out of state, as long as the lender has knowledge of at minimum the state level where you're looking that will be perfect. 

As stated, most lenders will require some level of capital and will want you to show collateral.   

I wouldn't recommend trying to do something like this right off the bat, I think you need to get into the game and really know what you are doing before taking on that level of risk.Happy to chat more over a phone call or direct message if you want more insights or have more specific questions!

If there is "still contamination" at any level, I would be concerned about that and pass on the deal no matter what.

While the Fed looks to continue their trajectory of cutting short term rates, I suspect the mid and long points of the yield curve (particularly the 10 year, which is what most mortgages go off of) will stay elevated. 10 Yr treasury today is 4.4%, but if it goes up to 5% or 6%, your mortgage will likely be in the 8% or higher level, which then hits CF even more.  

I don't believe that will change as long as the school system and public safety levels remain some of the worst in the state.

Costs will be more and the work level will be greater.

Jersey City is hot right now but like I tell my clients the majority of the time I can find them deals that make more sense in Essex County but that depends on the client and what their needs are along with their comfort level.