In fact, in that mastermind group, I connected with a lot of high-level investors and that’s where I got the confidence to start investing in Costa Rica with partners that I met in that mastermind group.Your brother gave me some good advice of how to run a debt fund, which was super helpful.With regards to the lease option model, I feel super comfortable with it and I’ve done enough to see how profitable lease options are and I would say they’re much more profitable, and require a lot less effort once you are used to them, than any other type of real estate I’ve done over the past 15 years.I posted some numbers above that showed the difference of doing a partnership model or a debt model.

So think about what's comfortable for you.

We painted the inside, opened the kitchen/dining room, replaced windows, removed a nasty fabric lined black tub from the basement, replaced the siding and redid the bathroom.

Lot's of lenders will want local (boots on the ground) to feel comfortable doing a loan.  

If you are comfortable with your structure that’s great!

Find out what works for you and your team on smaller deals then scale up once you start to get comfortable with multifamily. 

Long story short if you are committed to house hacking the sky is the limits and there is endless possibility, it really comes down to your comfort level and where exactly you need to be in New Jersey.

Make sure to keep tenants comfortable during the process, and leverage property management companies with investor connections for potential buyers.Good luck!

Don't see any major red flags here, so long as you are comfortable in the low income space.

For an unrenovated 1+Den/1BA LTR in our section of Northeast though, $1,300-1,400/month is certainly in the ballpark of what I could comfortably get with some very minor improvements to the space between tenants.So all that being said, I think your target of $1,500-1,600/month for your 2BR units would be more than doable.