Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $250,000

Cash invested: $40,000

Took a three bedroom ranch home and converted into two separate apartments w...

I am always ready to talk local residential real estate.

On residential MF, you can find just over 0.5% ratio.  

Looking to turn my residential property into my 1st rental property and trying to look at numbers to see if it makes sense.

Do you specialize in residential or commercial market?

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

I've managed over 1000 residential units in my career (so far) and I've seen this plenty of times.

Sounds like a single family home with an attached garage which to me sounds like it could be R-1 single family only residential where you are unlikely to be allowed to add additional units unless you're in a state  forcing municipalities to allow ADUs of some sort.

I understand it depends on the township, and when I look up certain ordinances it seems they only address residential buildings ( 1-4 units) needing a permit, primary residence, etc.Wanted to see if anyone out here has had experience.

In NJ a lot of real estate attorneys don't get paid if the deal doesn't close (at least on the residential side).