In Jersey City, it doesn't kick-in until 4-units - so for the smaller multis or single-units it is not a problem.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

The best way to do this is to renovate a unit or two to the specifications to bring it up to market.  

I believe I can do this with the upstairs rented out at $1,650 a month and $1,750 for the main floor unit. 3bed 2bath down and 3bed 1bath up.

Quote from @Brendan Doherty': I’ve read in books of people getting past having to live in the property they own so they can rent all units year one of ownership(living on the property with an rv).

I assume there’s additional language in the PPM, or at least I’d hope, but the language can get very confusing by that point and many LPs don’t understand what they’re reading.

It's basically a legal 2-unit that can cashflow $900/month.

If you're looking for out-of-state properties, start with turnkey single-family homes or small 2-4 unit properties while building your local network and establishing boots on the ground.

I've invested in both multi-unit properties (2-4 units), and multi-family properties (5+ units).

Investment Info:Small multi-family (2-4 units) other investment in Martins Ferry.