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.

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

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

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.

Especially a great GP team...can't go wrong with the BAM Family IMO.

For family life, there are great communities with good schools and a lot of kid-friendly activities.

Quote from @Eamon Conheady: I was purchasing a multi family through an IRA LLC and was utilizing debt to finance it, requiring a non-recourse loan.

We currently have 10 single family properties in the best school districts and we self manage.

Investment Info:Single-family residence buy & hold investment.