And once I share this with my family… not sure what will happen.

Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.

The owner representative (not an agent, just family) seems to not be a fan of this option because he does not understand it.Option 2: If option 1 does not work, or they are unwilling, the offer I see as valid for this property to make sense is about $290K plus taking over the solar loan.

The 4-plex may be viable if zoning allows it but building another single family is probably not the move.

Seasonal Slowdown (With a Twist)The holidays always lead to a slower rental market as potential tenants prioritize family, travel, and gift-giving over finding a new home.

Northern NJ is not the best place for retirement but it is a great place to raise a family due to the great schools and for those needing easy access to NYC.

if you are worried about vacancy, then multi-family is what you should go for.

Or maybe you finally want to purchase a multi-family complex / self-storage facility / car wash, etc.

Investment Info:Single-family residence fix & flip investment.

I don't think you are going to be able to get insurance for two separate living units in a single-family when they are both illegal and likely do not have the correct egress windows (basement) for fire safety which could subject you to huge liability if something happens to either party.