I have never lost an eviction case.The typical cost of eviction, including serving the Writ, is almost always under $500.00 and accomplished in less than 30 days.

Are you trying to self manage?

But they can be managed effectively.

Can't you perform better buying 50 units in a market that perhaps has a higher cost of entry but due to better fundamentals experiences significant appreciation?   

They will make cheap/easy fixes or they will discover your specific problem isn't covered by the warranty and you'll have to pay for repair/replacement anyway.Most property managers will not manage a home with a warranty because of the rejections, delays, and poor work. 

I will also be creating a property management company (based in NJ as well) to manage the LLC's property.  

You own it, not the property manager.

(Purchase price somewhere in the $600k range)The property should bring in around $45-$55k/yr running as an STR and there's already a manager at the building if you want to be completely hands off.Add me and send me a DM if you're interested in submitting an offer on something like this.

But certainly a way to meet new people and offset some of your costs while exploring the Caribbean in your sailboat!

The aim is to identify any issues in rental properties before they are brought to the attention of management or code enforcement.