I don't know what market your rental is in.

Do you invest in the Cleveland market as well? 

@Chris Elliott There are many options left in the market.

Some" not all builders tend to use the "Builder incentive" tactic like - We will give you $20K towards closing which sounds great but when the builder is setting the market and creating its own sales to move the market it’s a scam!

Market changes all the time. 

We have had more than one appraisal where the appraiser gave a rent projection more than what a local Property Manager could rent it for.

I currently live in San Diego, so I am interested in my local market also, but I am newer here, so I'm still learning the market. 

Specifically asking about public safety, appreciation vs. cash flow thoughts, and complexity of building a local team (agent, property manager, general contractor).

In the NJ market how likely is cashflow in the first two years?

For a reasonable interest rate, knowing today’s markets.