However, whether it's worth structuring your ownership via an LP for this purpose is highly debatable and is case-by-case.

For North Jersey, I was thinking Newark since I am familiar with that area and rents are high, but I don't know much about philly/Lehigh Valley market.

I've learned that managing rentals has a high degree of variability and operator's needs. 

If you feel your assessment is too high, you have the right to contest it.

Feedback is highly appreciated. 

But, i've spoken with some investors who wonder why their properties that are at market rent are "net less" than their properties that are not at market rent.Also, unless you are into the "cash flow" craze, generally long term rentals are building wealth through appreciation and amortization (i.e. the "good" power of leverage). 

So, on the left coast, anyone associated with anyone doing pre-foreclosures gets a nasty phone call to come and visit some very unfriendly people in high places.

Hello everyone, I am currently about to graduate High School this year and for about three months now I have been deeply invested in Real Estate.

However, the high purchase price is a concern.

I realize some people on here may disagree with me but I feel like it is extremely important to build a solid financial base through Index ETFs and savings in high yield savings account.