Granted you're from NJ and your property could be a local one ( = more on the expensive side), but I would explore the alternatives prior to setting your course on syndicating this deal.Best!

Just because you don't make as rent doesn't mean the costs are not comparable.

The assessments in NJ are as of October 1 the year prior, so if anything, even a sale wouldn't have any impact until the following October.

I was thinking it would help keep my stress levels down compared to a larger investment.

You have to weigh the upside and downside and compare that with your short term and long term goals.

I'll also be looking to grab my first property at the beginning of next year so if you ever want to compare notes or kick ideas around, feel free to send me a PM.  

You'll want to get an idea what comparable properties are selling for/renting for/etc.

Next you'd have to spend time and potentially money on educating yourself in a niche of your choice prior to investing.

So when you do sell , the title company also makes sure that the water bill is paid prior to releasing funds.   

RE Attorneys and Lenders: is it accurate that if an FHA Case Number was assigned prior to a condo's FHA certification expiring that the loan should be able to close?