Good Day,I served four years in the US Navy and am approaching the end of my contract.

Hello BiggerPockets Community,TL;DR: Looking to house hack up to 4 units in NJ/NY using FHA loan + 203(k) rehab, can handle 3.5% down payment + closing costs on my own (+/- $100k-$150k)I’m a new investor in my early 30s looking to dive into the real estate market with a strategic approach.

The buyer was fully qualified and is putting down a healthy downpayment. 

This indicates a healthy environment for both buyers and sellers.Adapting to Trends: The longer time to contract and sales for townhomes and condos suggests a more thoughtful buying process.

This indicates a healthy environment for both buying and selling.Adapting to Trends: The extended time to contract and sales for townhomes and condos suggests a more deliberate buying process.

Appreciate the insight.Reclassification definitely has it's merit for now and future deductions while allowing you to claim against federal and state taxes sidestepping the State's unfortunate approach to Bonus Depreciation.

Any suggestions on how I should approach this?

This approach enabled swift action, allowing a same-day sale for $233,000.

@Brian Jordan @Dustin Heiner Interesting contrast in your approaches; however, it is obvious to me that you each have solid, well thought-out business models. 

But if you to a more wise and slow approach, you can find other ways to generate additional income, build up a 25% DP on a duplex that cash flows after all expenses and you have an EF fund, well you will sleep better at night and the odds that your investment will survive the tough times in your life is far greater then someone who sleep well at night with tons of debt who if anything should go wrong, which it does in life that person may be bankrupt.