I'd check their credit first.........just kidding.If you'd give more specifics as to type of property, lease term, etc, I might be able to help.If you're talking federal, most leases go through the GSA.

Are there any specific strategies that feel yourself leaning towards more than others?

Feel free to message me with any specific questions. - Chris 

If you want more specific numbers, it's best to get real estimates from your lender, title, insurance companies.

I am not sure if there is a specific market for students in  Jersey City.

You might want to consult with a real estate attorney or financial advisor who can provide personalized advice based on your specific situation and objectives.Overall, while there are advantages to holding properties in an LLC, there are also considerations to take into account regarding financing and other factors.

I work in restaurants operations management and would eventually like to get out of the industry. 

I'm in the Nashville market and can help answer any specific questions you might have about the local market.

While FHA is great there might be something state specific that is better or just as good. 

Homes near hospitals, industry and universities do very well in this space.The neighborhood is as important as the house itself.