Your last comment resonates with me particularly, and seems to be a point many people make on the BP podcast; you need to have a solid grasp for your own finances as well as a good understanding of what you're getting into with investing.It's definitely a lot to think about, but I strongly feel the effort is worth it.

You're def seem like you have a great grasp on this.

Keep your analysis as simple as possible until you have a firm grasp on the process.  

Maybe find a short term lease (something like 6 months) to help you get a grasp on the areas where you are thinking of investing as well as help you get some peace of mind on how your employment is working out. 

Have a pretty good general grasp on basic investing as a whole.

I have a good grasp on the process for searching and analyzing deals (I will use the BP calculators) - but, I'm having a tough time establishing what my price range should be.

@Sitaram Koppaka  Try asking at your local REIA because your best commercial lenders are going to have a good grasp on the local area and talk to the commercial real estate agents listing apartments and multifamily as they will have lenders that have helped them close deals.

You're in NJ, adjacent to NY, looking to buy large multifamily.... you're investors, competition & colleagues will appreciate the MSRE.Unfortunately, lot of people have responded that flip homes in BFE and cannot grasp your situation being in a top 10 market with the idea of executing on large transactions.  

I'm only here tomorrow and Friday but look forward to meeting someone that has a good grasp on this market.Thanks,Mike

So as you say due diligence is key and I do now have a grasp on the banking side of it thanks to that DistressedPro.