Half the team focuses on long term rental management and the other half focuses on short term.

I see some listings trying to do that, but they're pretty recently listed so it's unclear at how successful they'll be.All that said, I'd run your numbers at $1,200/mo and if that works for you and your goals, great.

i might need to move to cali, much success and happy wholesaling in the sunny west coast, keep posting but most of all keep sharing

The pocket thing seems nice as long as you could control who moves in and who does not move in. 

Usually, we're looking at credit scores, Loan to Value Ratio,  & experience level, for the rates and terms.

You will never get that back in terms of additional cash flow

The two are almost entirely different markets in terms of price points, returns, tenant quality, and overall investing strategy.

Wishing you success, let me know how I can support you!

Simply put the concept of live in one unit rent out the other is not a strategy, there is much more to successfully house hacking in NJ. 

I’m a full-time sales professional at a global GSI, so I’m seeking relatively efficient strategies.Has anyone successfully used cash-out refinances, 1031 exchanges, or other equity-based approaches to boost income?