A 2-unit MF property is a good option if you find one in your price point as well as house hacking, but that can take time and be more costly than originally anticipating. 

When it came time to start working on revisions for the PPM (private placement memorandum), these changes took much longer than we anticipated (due to availability of the attorney) and we ultimately had to go elsewhere to get this done and start from scratch with a new securities attorney engaged.

That’s spot on- I’m not anticipating profit right away, timing/seasoning is my main concern.

I just started the paperwork on a HELOC on my home in NJ and i'm anticipating getting between 80 to 100K.

As soon as we listed it, the condo sold for significantly more than we had anticipated.

There is an anticipation of thousands of jobs coming down the pike and those people will need a place to live.

@Shayla RyderBanks will use your anticipated income to offset the added debt service.

Success margins are tight though, depending on your strategy.Long-term buy and hold folks should anticipate paying retail and bidding against owner-occupied buyers.

However, because the land lease is up in 4 years, and the anticipated amount it will cost to buy the land, the apartment sold for less than $350,000.  

It looks like it's been well maintained on the inside; the outside has paint chipping) I anticipate learning more during an inspection.