You’ll likely need to look beyond the city limits (in areas that are still close enough to the city to benefit from its local economic tailwinds) if you want to find deals that pencil out.

I really want to do an apartment building but i want to build a track record first of smaller deals and just looking for a strategy to get into deals similar to a subto or wrap.whats an agency loan?

I find it a great way to earn additional compensation as long as its a deal I like with conservative leverage and strong operators I trust. 

The 22k in NJ is a sweeter deal and I think you will have better luck finding a SFH at 220k in a decent are in NJ than PA. 

I’m eager to connect with like-minded professionals and make great deals happen!

I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. 

I do the occasional Big Island deal - either side.

It may be worth looking at other deals and if the right one comes up, you can pull the trigger. 

Build - Rent - Refinance - Repeat the new BRRR with also hotel development and growing our land entitlement side. hotel development is simple, easy, and has institutional level backing. we really like extended stay development and just came from a hotel conference in Los Angeles. hope to close a few deals this year over 10 million 

You are dealing with your first eviction/rehab but if that happens again in 6 months and it takes months to evict will that financially stress you?