The more common issue is someone who is related to the property staying over and having to go through an eviction. 

You will end up losing the deal.You need about six months of networking and active deal flow to create a potential buyer's list and email distribution.However, if the deal is really good (very unlikely in New Jersey), it is true that you can find a buyer.

Thank you very much for your responses.So you think if at least the family member can pay for my expenses then it’s worth to keep it even if I don’t have cash flow?

I acquired my first investment property a few months ago and renovated the units as well as rented them out and its cash flowing well. 

My clients get a homeowners policy with a STR rider or go with a policy through a company like Proper Insurance that specializes in STR.  

Howdy BP, If you were an investor with $2-4M to invest (leveraged against another property at around 6.5%) and looking for the lowest energy and management input but the highest free cash flowing asset, what and where would it be? 

With long-terms you'll want it filled out or close to full whereas with a rehab you'll want it empty or relatively empty to be able to start renovations as soon as it's been purchased.Try to find out more about the cash flow, tenant history, and if it will need renovations as those will be the key indicators for what type of loan you should be looking for.

Did your agent tell you that or did you buy directly through Honeycomb? 

Essentially, I want all cash flow/expenses to be flowing in and out of a business account rather than my personal bank accounts. 

You'll have to ensure it has adequate air flow with the door closed from the ductwork above and possibly the sprinkler piping which is probably dictated by building coded in your area.