Anything could go wrong with a house in that price range.

I'm Ryan Cheek with Neu Real Estate Group in Indianapolis, and I believe we have some opportunities that align perfectly with your investment criteria.Our market offers a range of under-valued, distressed, and poorly managed properties that are ripe for updating and rehabbing.

Any MFH you buy for around the 500-700 range in Central Jersey in a better town will most likely require a lot of work, so you have to take that into consideration.

Those prices range from $800k-$1.5M depending on the specifics but the income increase is as much and the cost to own is slightly lower because insurance, maintenance, and utility costs do not go up linearly on these making a bigger margin for you.  

We know that in vast majority of markets it's very VERY hard to produce or create new rental inventory because the margins are so razor thin or non-existent. 

(These are not in order of how profitable they are, it's just used as a way to separate them for explanation purposes. )The first tier of homes are 1-2 bedroom homes these are homes that are tailored ( or should be) toward couples or small families and can range between 100-250k.

. :)Hocking Hills is a wonderful market but hardly anything for sale in $500k range, especially if your certain you want to be mortgage free.

Nobody has a crystal ball but, I was wondering how you feel about NO/uptown 3-5 year outlook relative to appreciations & rents.Currently, we are seeing inventory rise faster than we are closing sales.

I've been unsuccessful with the first two and a higher down payment is not within my range, nor do I think it's worth it.Same issue for house hacking with a SFH.I've spoken with several lenders.

Currently he is happy with his inventory but if I find some farm land to let him know.