Then what you're talking about is extremely, extremely expensive teardowns, with the so-called "missing middle" being put there to maximize the economic return, which means that you will have extremely expensive rent/buy condos/townhomes/2-3-4-plexs.California suffers from the perfect storm of stupid policies, bad street planning (that's actually getting worse), some real actual natural constraints to building, and receiving a massive local inflation hit from not only the Fed's money printing machine but also from overseas investors who also have monopoly money looking either a place to dump some cash or somewhere to have an anchor baby.

We have a couple personal loans, 2 car loans, and massive student debt.

But for those of us who dont have massive portfolios priced in at 1/3 of current prices... well... 

I've been listening to massive amounts of podcasts while I work my day job, and reading everything I can. 

Now this is where regulations have gone too far and will cause a massive spike in demand, not only for STR but for traditional hotel lodging.

I've went through a pre-approval from different lenders and it looks like I'm eligible to purchase up to 760-780k depending on the property that I buy.My gross income is about 119k / FICO 750-770 / paying student loan $560/moI'm looking for an advice to purchase a property in Bergen County, NJ - specifically leaning into Fort Lee & surrounding areas.I prefer to purchase a multifamily property but it looks like my purchasing power is a bit out of a reach in Fort Lee.I'm also starting to learn that Fort Lee is not a good rental investment area with my purchasing power.My main intention is to get somebody to live with me so it lowers my monthly payment, rather than creating a massive cash flow or return ATM.So I'm also open to buy a single family house that can have a solid layout for a room or basement rent.The fact of the matter is, I'm really not sure about the housing market in Bergen County and NJ in general so please give me a tip/info/advice!

There are also massive shifts in industries that up to now were fairly steady such as the hospitality industry. 70% of workers in hospitality/service industries are looking to change industries due to the insecurity of hospitality/service with the pandemic.

It's a massive pillar for REI and wealth building.

We were able to save and pay down a massive amount of debt because of it. 

Additionally, I can conduct a cost segregation study and take a massive bonus depreciation the first year, which will reduce my taxable income.