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?

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.

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

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.  

I know our title plants in the metro areas of Or Wa are all off shore and its common to order title one day it gets worked up in the Philippines at  night and back to Or the next day or 2 days.. but this one really shocked me thats why I thought to post about it.

Their most common threat is a security deposit dispute.

A famous quote: Do unto others as you would have them do unto you” is commonly known as The Golden Rule.

.- Getting under contract and then reducing the price because of findings is common, but major reductions are likely to tick off the seller unless you have strong justification.

It’s not as common, though cause it takes a lot more work