Even a typical water heat replacement would set you back signficantly.There's plenty to the puzzle that i am unaware of but with what you've outlined here i would consider passing on the property.you know you need managementyou know you need to remove at least one tenantyou know cashflow is meager after considering management.i personally wouldn't recommend a client take on the risk for such a paltry pay out out of state.Even when considering long term appreciation the average amount of headache one assumes with a property will bog you down before the long term play pays off.

Hello,A job relocation to San Francisco CA early this year is making me ponder if I should be selling my owner occupied duplex in Jersey City and buy something in Berkeley CA due to its proximity to San Francisco and has some fairly decent schools  for my kids and also UC Berkeley .The low  2.5% interest rate on the Jersey City property turned into a golden chain but I think I am done with managing tenants and property and would like to get more into an Equity play.

I would just feel like a dead weight and once they has the info they could ghost me. 

This property also plays a strategic role in the broader development project for the area, which includes 12 patio homes and two duplexes.

@Catherine Curtsinger To play a little devil’s advocate I have been house hacking for 30 years.

Loopnet is a graveyard of dead properties for sale.

Inflation isn't dead; I think the Fed capitulated.  

However, North SJ is not completely dead for STR.

Their goals and upcoming upcoming purchases may come into play. 

Quote from @Sebastian Bennett: It's funny because I actually had a dream of setting these up and seeing how this would play out lol