After minor renovations to enhance its appeal, it has consistently performed well on the short-term rental market, particularly on Airbnb, where it maintains a high 90% occupancy rate.

Depending on when you bought in Jersey City, you are probably in a good position to sell now in general.

But I also have questions to see if anyone thinks this is a solid deal and what they expect to see as appreciation with these manufactured homes on land not in a park.

AB 2424 (Schiavo) takes effect on January 1 2025.

I use the work tenant is quotations, because the lease was not signed with an individual, but rather a LLC for a property management company who subleased the home on AirBnb. 

Couple takes on this: Generically speaking, yes it often does make sense to increase your loan amount for monthly savings. 

@Sean Wagner Agreed on the subsidized renters for sure

The bottom line is that if you want to get into STRs, have a good plan, read everything here on the BP forum and ask some good questions.

My initial thought is to invest this into the stock market (Amazon, Tesla, Google, etc...) and keep doing that for the next two distributions as well, ultimately pulling it all back out, plus the earnings (hopefully) in 3 years time to purchase a house.Based on the plethora of experience in these forums, does the above sound like a good plan? 

Holding onto it is a smart decision, and you're entering property investing in a solid position.To get started, focus on ensuring that the rental income will cover your mortgage, taxes, insurance, and any maintenance costs, leaving room for profit.