However, JC as you know is overrun with new build multifamily options so there is a lot of competition in Hudson Co whereas the suburbs there is none.It really depends if you need the money to buy a house out there and want to plant roots.

It’s amazing how life can come full circle, especially with your roots in Birmingham, Alabama, where you’re now building out your next venture.Flipping homes is a great way to start, and transitioning into the BRRR strategy for rentals sounds like a solid plan, especially with the growth in select Southern markets.

You told him not to pursue this, but you didn’t provide a solid reason why.

BiggerPockets groups —lots of solid resources and a supportive community here or at local REI meetups; you'll find folks willing to share tips (and maybe even some potential partners).Here are some other strategies that could also help you scale faster:Partnerships/Joint Ventures: Teaming up with others, especially experienced investors or people with capital but limited time.

So with another 100K in construction/fix up cost bringing the total to 500K it meets the 1% rule, obviously I would do more underwriting but I need to be solid on those comps. 

Its location near the planned casino positions it for continued appreciation and strong demand, making it a solid long-term investment in my portfolio.

Team Up with a Good Agent: A solid local agent can help you navigate the ins and outs of multifamily properties.

Offering $450K would leave room to cover the $50K in repairs, and since market rents support a solid increase after updates, this could boost your long-term cash flow significantly.

The 2nd floor apartment is longer so the third floor can open out onto the roof of that 3rd floor (it's very solid - I've been up there and I'm 6/2, 250).

If you’re comfortable with the tenant risk and low cash flow in exchange for a solid property in good condition with long-term appreciation potential, then proceeding could make sense, maybe you you can negotiate some concessions?