Newbie looking to house hack in Asbury Park NJ!

[Jordan Petchel]

Hi there, looking to house hack a quadplex. Property value is $1.2mm and newly renovated, was purchased for $850k in 2020. I am in talks with a limited partner/investor but they are unfamiliar with the area and real estate investing. 

My situation is unique: I’m not necessarily looking for it to appreciate since this investment would allow me to expand my other small business. Mainly looking for a way to turn my $2k monthly rent payment into an investment and have more space to expand operations for my other business.

Does anyone have experience in Asbury Park? Would love to learn more from experienced professionals since real estate is a new territory for me! Thanks in advance.