Usually only commercial properties with established operational expenses histories are evaluated by cap rates and then those cap rates can also be applied to buildings in certain areas representing higher or lower risk areas.

As there is only a one lane asphalt driveway that goes between the building and the east property line the contractor will have to operate his heavy equipment there and will hurt tenant access and definitely damage the asphalt.

@Andrew Liu Does your operating expense taxes/insurance?

Double closings are no longer allowed in the state of NJ so I've been told by one or two title companies that operate and do a lot of transactions in Northern New Jersey.

I flew out to team build a few times, but now operate a full business that does about 50-60 properties per year with about 1 trip a year just to schmooze.

This is the onboarding process.The next issue we came across was "How involved do we want to be with the day-to-day operations?" 

I moved out of it and now operate it as a rental (one unit LTR, the other MTR).

DFW AirBnB is getting expensive to operate and find good deals due to all the HOA regulations that are being implemented..If the property won't cash flow in LTR, then your option is limited to listing it, but I don't exactly know without looking at the numbers, as you can figure out some month to month strategy to lease the unit for a while.One thing that I always tell my clients is that when you are doing AirBnB or any STR/MTR, you are entering into the hospitality industry.

Your chances of success will be much higher in the best locations because the high demand of people wanting to live there combined with high appreciation potential will make up for the inefficiencies and risks of operating remotely.

You can create a separate virtual account for each unit that will link to your main operating account.