Interest in Multifamily in Jersey City / Hoboken, NJ

[James Shen]

Hi BP Community -

My partner and I are interested in purchasing a multifamily in the Jersey City / Hoboken area to live in and rent out (house hack). We've done some research in the area but would love to hear from the community as well on any key hurdles or prioritized areas for these two cities. Our budget is ~$650K total (preapproved), with some wiggle room if needing more equity. 

Any tips / notes or ideas of sensibility around this notion will be much appreciated. Happy to connect and discuss further as well, as we're actively beginning to look to purchase.

Thanks!
James