I think the dead giveaway is the rate and points. 5% is too low for anyone to lend now.

The truth is that New Jersey, especially Northern New Jersey, is a tough investment market due to low inventory, high competition, and high taxes.

House hacking in a 4-bedroom here could absolutely work if you run your numbers carefully and stick to those “higher-end lower-end” neighborhoods.

The reality is that with the super low inventory we have sellers don't have a reason to give you a 50% discount, so your numbers get squeezed and you will end up leaving cash in the deal.

----------------------------------------------------------------------------------------------------If I had to start all over again, I'd look to acquire a 2-4 unit property with an FHA low-down payment mortgage.

Has given unrealistic low comps.

Connecting with local Denver investors could give you solid insight on neighborhoods and ROI.

Is this location within their sphere of competency or ability to low cost manage?

I’m happy to share tips about the area if you’re looking for neighborhoods to rent or cool places to visit while you’re here.

I had a similar issue with one of my properties where the thermostat was near a door in a busy retail space, and the tenant was complaining the temperature was too low.