Get into details on how renovations are done with units occupied, what systems they use to mitigate tenant fraud on applications, how they set price levels for the units?  

For path #2, you mean purchase & renovate a 3-5 unit building right?

He's probably someone you don't want in your unit for the long term.

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

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

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.

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

Think multi unit residential, commercial properties, or purchasing houses “subject to” existing mortgage.  

This is how I see it:Single-Family Homes:Pros:Larger pool of potential tenants (families).Simpler management (one tenant, one lease).Often easier to finance.May appreciate faster in some markets.Cons:Only one income stream.Vacancy hits harder financially.Duplexes:Pros:Two potential income streams.Live in one unit and rent the other (house hacking!)

We just completed 6-unit one bed one bath apartment in midtown Sacramento, CA As we are considering doing MTR, your feedback on how to move forward with this plan is appreciated