Probably wiser to deploy just a bit more ($1.2 mm - $1.3 mm) and try and get a 3 or 4 unit property via FHA.Jersey City is very hot right now and certainly worth exploring, but have you also considered Brooklyn, Queens or the Bronx? 

.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?

Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago

You can also leverage stable income for creative financing and explore BRRRR in markets like Rochester to build equity and cash flow.

Often times when a builder/buyer moves too fast, or is too busy and overlooks a key piece of due diligence, the unethical ones will try the "scorched earth" method and blame everyone but themselves, even when they know it was their own mistake, and they'll see if they can scare you, the seller, the title company et al into paying damages/fixing their problem. 

Congrats on exploring a seller finance deal—exciting step!

Also, exploring books or courses on commercial real estate investing might give you a solid start.

Quote from @Taylor Kendrick: Quote from @Chris Seveney: Quote from @Taylor Kendrick: Hi there,I came across a section on appurtenances in my RE course and wanted to explore a hypothetical.

Are there specific methods you're interested in (BRRRRs, vacation rentals, flips, etc)? 

Additionally, are there any other methods, approaches or strategies you’d suggest for someone just starting out in this space?