Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

I will be inheriting a townhouse in a nice neighborhood in NJ. 

Over the last year, I've developed a passion for real estate and want to be able to use it to generate income and secure financial freedom in the long run.

I do ground-up urban infill multifamily development and we are effectively at standstill as far as new projects go.  

Major brands like Ritz Carlton and Waldorf Astoria are currently developing property there, where they have traditionally developed in Miami, Fort Laud, and Palm Beach. 

.- Land Development: Got an eye for raw land?

You don't own the debt even though you are nice enough to pay it.

Has it developed much in the last 5 years? 

Nice.

HUDuser.org is great for vacancy rates, but cross-referencing with local market reports is important for more context.For job diversity and employers, LinkedIn or regional economic development websites often provide insights.