Live in SB, but looking to purchase multi family in some of the cheaper areas of the central coast to diversify my portfolio and get my skin in the game. 

Many a young investor has been skinned alive in them thar waters........Just kidding, they have all kinds of good information.

That means they have skin in the game and are less likely to be ignoring your calls come the 24th.I usually take a $200 booking deposit to hold the apt.

Typically the LP will want you to have some skin in the game.

The whole point of a down payment is that you have serious skin in the game and won’t walk away if things don’t go smoothly.  

They don't have a skin in the game.

The buyer is left with some skin in the game and uses a PM company NOT connected to the realtor or Turnkey company. 

My opinion is unless you desire to speculate on the Jersey City Housing market, and find that the ~400 loss per month is worth it to have skin in the game, then I would sell.Based on the wording of your post is sounds like you prefer stable cash-flow properties to speculating on the market, but both are fair strategies when properly applied

Most people are going to want you to have some skin in the game.

My previous 3 BRRRR's were all done conventional and technically I have no skin in that game.