However, with the new state laws that relaxed these restrictions, many homeowners/investors are picking up quickly on this trend and are taking advantage of this opportunity.

Relax, his wife is negotiating a favorable outcome for him.

There is no one standard process for every one due the everyone situation changes.FNME did relax recently some seasoning guidelines, here is the good one which helped Chris and help many if you are stuck in LLC. 

So, buyers with flexible timelines can enjoy a more relaxed search for the right property and the combination of price and interest rate that works best for them.If you’re a seller, then you can definitely sell your property in 2023.

Hey Dominic, I have a STR in Seaside Heights because of the revitalization there as well as their relaxed STR policies.

Now that i know that is average, i can relax.

I'm wondering how I got the original mortgage in 2009 if it was zoned as a duplex back then...a more relaxed appraisal, I guess.I'm seriously considering combining two units and calling it a threeplex to avoid the pain of dealing with the city. 

Relax, continue your research, diligently save/network and move from there. 

The rooms aren't that big (wanted a tenant to have more private space than a single small bedroom), they are both furnished (one as a bedroom, another as a study/relax room), and I was only ready to live with one stranger in my house rather than two haha.

Start small if you are afraid of failure, don't put in more than you can afford and you will build your investing muscle one property at a time