Hopefully your agent can help you out - this is where they earn their money.

Many successful active investors transition to passive investing as a way to diversify into new asset classes or markets and to earn back some of their time and still benefit from the positives of real estate investing.To answer your question - I would allocate a portion of the $200,000 to MF as I believe this is a good time to invest in an asset class that has recently struggled. 

In fact, given the start up costs, the best way to make a profit as an MTR is to earn the continuing support of the property owner served.  

I could sell the property and net $170k and then reinvest that and earn 9% interest annually via lending hard money. 

I’m a millennial, so figure people can google whatever they desire.

Whether I find a new tenant or not, the departing tenant moves out after 30 days and is treated like an ordinary termination, which means I process their deposit like normal and they can earn a good landlord reference.2.

What made this property extremely desireable to me was the 1 mi road frontage on two different roads.

If someone has a bad experience and loses money then it’s their right to report it if they so desire.  

Lending in the manner in which you are talking about in CA would require you to get licensed or use a license broker and therefore cost you 1-2 points which is less money that you can earn by doing it yourself as a broker.

Understand the NJ markets, such as Northern NJ, Central/Southern NJ, and Jersey Shore, and focus on building relationships with those active in your desired areas.Good luck!