203k Loan and House Hack NY vs NJ - Newbie Investor

[Darling M.]

Hi 

I am a new investor to be. My husband and I are planning to hopefully close on a Multifamily home in the outskirts of NYC or in New Jersey in 2021 (whichever makes more sense economically). We are targeting deals that will qualify for a 203k FHA loan and will also be house hacking in the property for the first 2-3 years. We then plan to move out and do the process all over again. We are planning to get pre-qualified early in 2020.

Any advice would be appreciated. I would also like to start connecting with anyone who is willing to help us along in this journey (Real Estate Agents, Property Managers, Contractors, etc)

Please be kind and thank you in advance.