Also in the trust will be personal property and other financial assets.

I have 3 highly successful STVR homes (Austin TX, Tybee Island GA, Lake Lure NC) and have built my own homes a few times including most recently GC'd my residence in Rome GA. 

Also look into doing a live-in-flip, it's a great house hack alternative in this market.

(I've seen deals where they say they are going to achieve $X in rent, but NOBODY in the submarket gets those kinds of rents.)

Please DM if you have a solid property manager in mind.

It will cost you a lot more in the long run.

Following because I'm interested in finding one in NJ as well!

I have learned things from being in the mentorship program that you simply couldn't find in any of the BRRRR books I mentioned. 

This hurricane has obviously affected the available supply of available units.

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.