So, after closing costs I would need roughly 55k cash to bring to the table. 

While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up. 

Also, make sure to record every transaction clearly to avoid any issues with the IRS or legal matters.Hope this helps!

Would like to start in the South Jersey area - Trenton, Camden, Ewing, Burlington areas. 

What would it look like today as a multifamily versus single-family?

That number could make or break the deal and impact both rental income and resale potential down the line.Would love to hear what you find out—good luck with your analysis!

@Patrick Drury what did you think of Propertyware and Rent Manager?

I suppose they would be able to help me figure it out but I’m still trying to determine what is the best way to fund something like this and would it be better to sell off the entire purchase once split into separate parcels or is there a way to structure a deal as to where I could sell off some of the land to repay the loan/investors and also retain a portion of it to develop with my own short term rentals.

Call me fiercely independent but I don’t want other people arbitrarily telling me what I can and can’t do with my hard earned property.

Did you bring debt or 100% equity to acquire these?