I don't buy from assignors for two main reasons...liability and fictitious numbers. 

If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse. 

Hi Paola,If you are looking to buy another primary, looking to put the property into a LLC, may be changes in your income/job, looking for faster/smoother closing, DSCR could make more sense.

But you could use the 1031 to buy the rental portion of the building and move in to another unit as your primary.

I’ve spent years studying everything to do with investing in houses and then this opportunity to buy land came up and I just jumped.

Where are you looking to buy?

This is an essential tool for anyone buying a tenant-occupied property. 

I am looking to buy a multifamily in Jersey City for STR, any suggestions, what area will be good for STR and weather number make sense at this time.

If the laws are still concerning to you, then buy a commercial property, like an office or industrial property, in your area. 

I have to decide if im going to use a new injection of capital from the sale of my primary residence to:1) Hold in treasury bills at 4.5 percent until I find another property to purchase2) Pay off one of two existing mortgages, one at 3.75 percent and another at 4.5 percent3) Just find something to buy that beats either of those percentages on paper and be done with it4) Possibly loan out some hard money/broker it to a friend to allocateIts never an easy decision, but its a good problem to have.