The main issues a lot of investors/PM's run into is the inspection period since Section 8 inspections are no walk in the park.

I've tried to include relative information, without writing a novel. 

I live in Portland  Maine , I am new to real estate investing and looking to connect with any local investor.. thank you.

Read Main Street Millionaire by Codie Sanchez.

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).

@Alex Messner, your decision, amongst other factors, mainly depends on you and your wife's financial profile. 

My main focus is multi-family house hacking, but I’m open to other strategies as well.I’ve always had a passion for real estate and decided to move to a market with strong rental potential and affordability.

Main problem is none of the home on market fit our needs/wants.

Cash flow is positive although small (between $200-$1200 depending on number of units in the property) on properties that I bought mainly 2011 thru 2017 because of low buying prices and rents have gone up well.  

Thats $7700 a year NOT including my accountant/Tax prep.