Decisions decisions trying to make the right one

[Gerardo R Gonzalez]

OK so a deal just dropped into my lap. A single family shore house in keansburg nj (2 bed 1 bath) I can get it for 150k or less from a friend of mine. All that needs to be done baring an inspection is a new bathroom a few windows and a water treatment. It would rent out for 1600 a month. All for sale by owner so I have no clue how to proceed.

Im new to this game and I started with the idea of getting a multi family home so that I could house hack and potentially live rent free and then repeat.

If I buy this shore house I won't be able to live in it because it's too far from my job and my kids so my original plan won't work in that case.

I'm lost and not sure what to do here should I say screw it and try my hand at this single family home or should I continue on with my multifamily home hunt which isn't going to great (Newark NJ sucks it's over priced and some parts are too dangerous for my taste)

Any help or direction would be greatly appreciated