This provides extra peace of mind in case your upleg does not work out or the seller or lender will not deal.4) Truly retire for real estate ownership.

A motivated nosey neighbor might try to make an appt to see the property, but in general that doesn't happen too often and agents don't want to waste their time with time-wasters like that.

Who did you end up using for your project, if you don’t mind me asking?

I’ve got a question that’s been on my mind recently.

Keep in mind though those types of project are not 90 day flips in a 500 to 600k market. 

Just keeping an open mind in case there is something I'm missing.  

Financing can also vary depending on whether it’s 2-4 units or 5+ units so keep that in mind as well.Having a strong team and lender familiar with multifamily deals is crucial.

Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in. 

Looking forward to meeting like minded Real Estate Investors

This is way more conservative than a lot of people I talk to and has definitely meant that I lost out on opportunities, but it gives me bigger peace of mind and in shifting markets I feel better prepared to adapt if need be.