Seeing a $100-300 increase on a single unit is common in NJ.  

The loss is for renters, who don't have the freedom to take advantage of EVs the way single family owners can. 

Purchase price: $500,000 Cash invested: $100,000 Buy and hold multi-family property initially house-hacked prior to purchasing the single family in the burbs.

Quote from @Nicholas Cavato: Looking for advice from you BP pros out there.I will be purchasing either a single family residence or multi family residence home in the Cleveland, Ohio area no later than January 2025 and intended on purchasing using an FHA loan with an already formed Ohio LLC.

My Real Estate agent believes that they can be sold together since it's a single deed... 

Try to buy after 1950 and avoid single family conversions.

Just be sure the calculate in the interest you are paying on that HELOC into the new project.As for banks, my experience has been that many banks do not like to do HELOCs on rentals unless you have a decent portfolio which they then look at as a business instead of a single rental property.

Own few condos and single family now looking to expand into multi family 

nearly every single applicant will tell me their pet is either ESA or Service dog.  

Most people will never own a single investment property.