Hi does anyone know if property management groups/ real estate groups that I can join to network New Jersey area 

I would prefer to self manage to avoid the high poperty management fees (I think its around 10% + 1 month leasing fee, etc.) and I also worry that the property manager will likely not be as dilligent in finding high quality affordable vendors, etc.I see 4 major pieces of work1) Tenant finding: I feel comfortable doing this remotely.

In fact right now, debt coverage is is going to present a greater obstacle than obtaining an appraisal that is 20-25% greater than your cost.

Get a good property manager.

you should read more into low income housing. if the place is already beat up, just clean it up. low income housing is constant management. fix it up. 

That being said if you have solid property management this may not be the case as I self manage.

We just bought a condo on the Gulf Coast, and the old management company has said the same snowbirds come to our unit every year from December 15- March 31.

-based, Bookkeeper Launch certified, and QBO ProAdvisor certified (also, experienced with common REI PM/Project Management software such as Appfolio, Buildium, DoorLoop, BuilderTrend, etc etc).We have a Client Portal you can run those receipts through to get rid of the shoebox!

I have a few construction crews that I regularly work with as well as a Draftsman that helps both with drafting plans as well as managing the permit.

@Basit SiddiqiAgree for example would you rather have 13% net but deal levered 75% or a deal no levered at 8% net.On a 100k investment I would take the 8% deal every day as I will gladly pay an extra $5,000 to reduce my risk substantially since in option 1 the deal can go to zero in option 2 realistically it would be really poor management if it lost more than 10-15% of your capital.