I am a buy and hold multi fam. investor here in Union County, NJ.Are there workable deals that make financial sense in Bergan County on multi Families?

You must be able to understand deeply what they are trying to accomplish and then translate that into a workable solution for everyone if possible. 

I know block by block and what sections are workable and what blocks to steer clear of, and I have learned this through being in the game. 

Hello BP, I've read some of the books (BP and others), listened to some podcasts, and am zeroing in on a workable strategy to buy and hold (waffling between single family and small multi-family to start).  

Anyway, I hope someone with some experience will enlighten me on some of the things to look for and whether this even looks workable.

If rents equal to 1% of purchase price then chances are it is a workable deal.

Both directions are workable choices.

I would recommend that you read the 1031 articles here on bigger pockets to get a better sense of what you can and cannot do.The key point to remember on a 1031 exchange is that someone else will have to hold the money until it is reinvested.If you are trying to raise funds to pay taxes, the 1031 exchange is probably not a workable plan.Good Luck

That is usually enough incentive for the roommates to find a workable solution themselves.If you had a clause in your rental agreement about unauthorized occupants and the boyfriend moved in without your permission, then you could have effectively addressed it then as a lease violation.

That said, it could be workable and so I'd like some 2nd opionions before saying no.The house is in Fort WorthThis is a 3/2 840sf home built in 1946Property is rented at $550 monthlySeller wants no less than $38kARV Comps that I see in the area average about 52k.