Will look into an RV parking opportunity here in DFW, my aunt is building one in New Jersey and she could help me out with the business model.In case anyone is interested, I drove around today and found 912 Ross Ave parking lot for sale at downtown.

So it will be $28000. total then I need it to be shipped from New york port to New Jersey, Atlantic city (where I live).

(and I have full time job so time is limited)Here’s a breakdown of my investment plan–I would greatly appreciate any guidance and recommendations on making this (or some version of this) happen.PropertyLocationAttributesB-level areas (A-D scale)Safe enough for my girlfriend to feel generally safe walking alone in the eveningWalkable neighborhood / close to transit (car ownership not necessary to live there)Area(s) of interest (not set in stone)Jersey City areaConditionB or C-level (A-D scale)Semi-distressed with potential for minor rehab upgrades ($35k max)DealbreakersFoundational issues / big required rehab due to FHA 203(k) max for streamlined versionSize2-4 units (higher the better)2-4br per unit preferredMax Budget (FHA loan limits)NYCSingle-Family Home: Up to $1,089,300 + 3.5%Duplex: Up to $1,394,775 + 3.5%Triplex: Up to $1,685,850 + 3.5%Quadplex: Up to $2,095,200 + 3.5%Hudson County, NJSingle-Family Home: Up to $1,149,825 + 3.5%Duplex: Up to $1,472,250 + 3.5%Triplex: Up to $1,779,525 + 3.5%Quadplex: Up to $2,211,600 + 3.5%TimelineTitle in-hand latest: Jan-Feb 2025Can potentially buy earlier if I sublet my current apartment in NYC as needed (lease expires Mar 1, 2023)Rehab: 30-45 days max of minor rehab/renoMove-in: on or before Mar 1, 2025 (hard deadline)FinancingLoan type: FHA or FHA Streamlined 203(k) for rehab <=$35kPossible conventional loan if I seek investment from family/friendsApproval statusGoal is to get pre-approved now in advance for credibilityMy statsEmployment: Full-time at large bankIncome: low-mid 6 figuresAssets: low-mid 6 figures (including 401(k))Credit score: 800DTI: 2.5% (student loan)Thank you in advance for your support.

Quote from @Jordan Moorhead: Great news for Austin!

@Jordan Moorhead Agree that CAP rate doesn’t apply to duplexes.

Hey Shai, we have an office in South Jersey and 4 rentals in the area, so we know the market for sure!

Hi @Anthony Standard & @Lloyd Spencer,I know this is an old thread but I am out of Essex county and manage buildings all over North and Central Jersey.

I have read that Trenton is one of these older cities here in Jersey is that is poised for a "redevelopment" .

Maybe you should check in with him @Christopher Jordan.

Originally posted by @Jordan Delacruz:Wassup guys.