Maybe you and I should connect and see maybe I can learn a thing or two about NJ areas :)  New Jersey is a state that gets a bad reputation,  a lot of that comes from city's like Newark that have extremely strict landlord laws. 

Hi @John Morganto qualify as real estate professional here are the tests:Perform more than 50% of services in real property trades or businesses (“50% test”)Perform more than 750 hours of service in real property trades or businesses (“750 hours test”)Materially participate in each rental activity (“material participation test”)what I believe @Jonathan Bock is alluding to is the IRS is pretty strict on these tests and your wife will be expected to substantiate her material participation.

I would be curious to see over the past few years how many guests are still "crushing it" because we are seeing a lot of investors who started post 2018 needing rescue funding for deals which I can attest too was strictly lack of experience in understanding basic accounting, financing and real estate management.

I work closely with a few lenders who I've done 10% on strictly investment properties. 

To be clear, your website is strictly an agent focused website not investor, right ?

As a strictly passive investor, I don't have any experience in acquiring multi-family properties. 

This process has very strict rules and required a professional middleman called an intermediary.

Be cautious of cities that aren't proactive in job attraction; too much growth can lead to strict building regulations, affecting housing value.Other Factors- Favor cities with a crime index that has consistently decreased over a decade.- For appreciation, I look for a minimum of 2.5% YoY growth in median house values over the past 20 years but I don't use this explicitly in calculations.

Not profit potential - strictly income.  

Our end goal is to own both a property strictly for rental along with a family vacation home in a sem-rural setting on multiple acres.