To gain investor confidence, ensure the investment property numbers are real, use the most common contract forms in your state (versus a 2 or 3-page) internet/guru contract form) with appropriate addenda, or an attorney-drafted form and attorney-drafted assignment agreement.

@Jason Tucker  you need to add in your utilities, common area cleaning, and turnover costs to determine if it makes sense. 

Ideally, I'd like to find a balance between affordability and potential for appreciation.Also, are there any common pitfalls or things to watch out for when buying a multi-family property in Jersey City?

Funny how things seem like common sense, only after they happened, isnt it?

You should target states that have more common sense and people oriented government and regulations (hint-hint: stay AWAY from Dem controlled jurisdictions.

Multifamily is the most common one, but some groups also do self-storage facilities, student housing, commercial properties, and others.3. 

I recommend educating yourself as best you can to avoid some common mistakes.

Rent on a 4 bedroom place may be $5000 monthly ($12,000 in Manhattan); rent it by the bedroom for $1500 per bedroom with access to all common areas.  

It is a path not without risk, but it is a common path in this market.Wishing everyone a successful 2025.

But always complaints about guests (residents) leaving common space a mess, some resident gets mad they have to clean up...