Hi Burton,It sounds like you're in a great position with a strong portfolio.

You want a strong foundation that is compounding, not a house of cards with no base.2.

You have a good amount to plunk into a strong multifamily property in Northern New Jersey, but you will be banking on appreciation more than cash flow.

I’m 20 years old and currently working hard to create a strong foundation for my future.

This will tell you how strong the location is.  3.  

I have a strong feeling that our market will replicate california soon.

Quote from @Renee Pohle: Please talk to an attorney and create a strong partnership agreement that includes a method for parting ways.

If you have a strong foundation with capital aside it's easier to stomach.

@Dennis Boettjer, I will echo's Brian's comment and add: also take a look at some of the threads in the Syndications review forum: https://www.biggerpockets.com/forums/960I do not mean this as a "here are people to invest in or avoid", as there are some groups going through current issues that, personally, I would qualify as fairly strong syndicators, overall.  

@Charlie Martin Buying under an LLC offers liability protection and separates business finances, but it can complicate financing with higher rates and stricter terms, and lenders may still require a personal guarantee, impacting your DTI.For your first property, consider purchasing in your personal name for better loan terms and transferring it to an LLC later if needed, while using strong umbrella insurance to mitigate risk.