I See it as the next Silicon Valley tech hub  - my main business is pushing that direction.

Does size of mortgage paydown become a factor here?

Your limiting factor is the amount of INCOME you can do this with and for HOW LONG you can do it. 

If your goal is passive income, it's not going to be in New Jersey when you factor in cost to purchase, management costs, and rent to price ratio, but what you can get is steady appreciation.

And just so you know, here are some of the factors an agent will look at to figure that out:Market Conditions: If the market is slower, going all in on staging can make your home look move-in ready and attractive to buyers who may otherwise be hesitant.

The popcorn machine is nice, but not something that will be a deciding factor in bookings. 

there was a group of 8 of us that pooled money in a Cabal myself and one other were the main money guys the others put in smaller amounts and when we won one.. we would divy up interest prorata to the amount contributed.. this kept those guys from competing against us and for sure we bid up newbies .. really the only ones that would beat us were those that wanted to live in the house and would just go almost all the way to retail or above .. or someone bidding on a second thinking it was a first and no one is going to help you if you dont know what your doing.. this is a very caveat emptar bizz.

The important factors of a consolidation exchange are the reinvestment requirements and the time frame requirements.

I’ve focused mainly on Florida but have also looked at options in Sacramento and other slightly more remote locations in CA.While I’m familiar with value-add strategies (ADUs, renovations or storage rentals), these seem like heavy lifts for modest gains.

Detroit is appreciating rapidly, due to many factors, and it still cash flows or at least allows you to operate near break even.