You'll want a great team in place that can - work efficiently and in a timely manner considering your loan time frame- communicates very well as you are remote and not at the place- priced well.

I have a roommate in my unit as well, I currently receive $1650 in monthly rent and will be around $2200 when I move and it's fully rented.

Lakewood is a very sought after rental area with high rental rates, and a lot of people will pay high rents to live in close proximity to Lakewood, and downtown Cleveland, which this area is right in the middle of those two, as well as right by lake erie.  

So, check your sales contract and speak to a good lawyer as well as your real estate agent if there is enough "damages" to be worth the hassle. 

If you have financing on a property and you sell it on a wrap, everything works well until the lender calls the note due.Since you have sold the property, you no longer own it, you can not refinance to pay off your lender.

What's going for New Jersey is we have a lot of well paying jobs, so the rental demand and collected rents and are very high in comparison to many other places in the country.

Well which state?

I've lived here my whole life and I'm in and out of properties every single day so I know the market here very well.

Also could combine horse boarding as I have room for several horses as well.

If someone else is willing to outbid you you could win as well because debt is often sold BELOW face value when its not being paid.