However, it is one that I've seen come back to bite many property owners.

If you want to operate as a co-host, you'll need the property owners name on the lease and the rent payments need to go directly to the owner.

Regarding the nearby school in Hoboken, many people I've known decided to live in Hoboken just for the nightlife or on Steven's campus.As others have mentioned Rutgers in New Brunswick would be great as that is a very large school with a big mix of commuters and non-commuters.

I’ve seen many clients and property owners ignore this small detail, but it’s important.

Will it be sold to an owner occupant or investor?

I was wondering if any rental property owners might be able to tell me what it’s like to be a landlord here and what you like and don’t like about Washington state!

Offering owner financing can expedite the sale of your property.

If don't do a 1031 exchange and decide to pay capital gains, I would have about $450k free of taxes (this accounts depreciation and other costs).

Regarding inspections, some PMCs will be at all, some will only be at the ones that have a high risk of failure or a problem tenant (renewal inspections).These are all questions you should ask when interviewing PMCs.Encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Research owners and connect with them.