I have used owner finance and hard money mostly to build my portfolio but need some institutional refi in the future.I'm also thinking about how this affects taxes, insurance.Thanks in advance for sharing your opinions!

It can help build some incredible relationships and really learn some great tips from the pros!

I’ve seen several three unit buildings in weehawken recently converted.

I would be happy to share my experience in knowledge in this area (MA and RI) as I continue to look to build my portfolio. 

The rent from the other units will allow your to purchase a more expensive property than you could on your own, which could help you build the value of your portfolio (and equity) faster. 

Remember when land buyers pick a target, they have TONS of work to do getting that property from dirt to payday, so they know their purchase choices, and they have a war chest usually stacked up ready to go.

Possible to maybe build one similar to this with an add on for small business owners and REI's. https://docs.google.com/spreadsheets/d/1xYOKT2eNS588cj6_8jVv2vobAfAhCVUd/htmlview#gid=1221524195

Regardless of the type of lender you work with, building a trusting relationship is crucial.

This thought led me into studying about becoming financially free and building generational wealth.

We are building off a pre-existing building structure.