I wasnt aware the ARV for a 2BR in NB is 260k, seems really high for that area.

If there are restrictions, you can use a land trust where you are the initial beneficiary then make an assignment to your LLC that will stay private.

The good news is, once you get a tenant, they will likely stay for a longer period of time.

I personally stay away from condos.

Otherwise sounds good - no different than buying house and renting out your garage if somebody so wishes to stay there ....

Could you pay them some money each week for the trouble  and stay with a family member or close friend or work associate with extra space 

You should stay on track of educating yourself through books, podcasts, networking with others - offline and online.

With the S-corp you pay yourself a salary of $X a year, and the rest stays with the S-corp.The problem with the S-corp is it is very burdensome with regard to reporting and other regulations.

Here are the options I'm currently booting around while I wait to close.1. sign all tenants who are currently under a month to month with a 3 month lease to let all my funds and the "new owner" feeling settle in with the tenantsa. update common areas like the halls, stairs, paint etc which will give "reason" to the upcoming rent raisesb. at the end of the 3 months raise the rents on those who need it most in hopes of either they leave or if they stay they're paying at least close to avg rents for the area if not the equivalent of the avg rents.c. as they move out update, raise the rents for the next tenants.2. 

I specialize in locating the off-market properties that no one is aware of and presenting them to my client with no competition.