In Jersey City, it doesn't kick-in until 4-units - so for the smaller multis or single-units it is not a problem.

I am betting a lot of media is going to be coming out of how under insured people were because to be fully covered was "too expensive".

Quote from @Jaycee Greene: Quote from @Jeffrey Eschbach: Investment Info:Small multi-family (2-4 units) buy & hold investment.

But if you know what you're doing in finding the properties and want a fixer upper, it's doable.I will say that the multi-family rental market is pretty saturated here though. 

Frank, For a rookie investor with low capital looking to build a rental portfolio, the best strategy is house hacking: buy a small multi-family home with a low down payment (FHA or conventional loan), live in one unit, and rent the others to cover your mortgage.

I know I had no experience in MFR when I brokered my first deal and it was a 5 million dollar multi. 

@River Sava small multi family 

Another option is go to the news media.

I’ve often found that a property’s best path forward isn’t always the most obvious.. sometimes letting go unlocks capital for the next wave of growth, sometimes holding tight after refinancing keeps that reliable monthly boost (from what I’ve heard).I had a friend who snagged a multi-family in a similar price range about a decade ago.. at the time, it felt like a giant step.

Very hard to find multi-family properties that cash flow in this A market.