That is, is the use for personal, family, of household purposes?

It may not include every address in a building or buildings that were exempt at the date of compilation...Rental housing developments exempted from the ordinance include single-family dwellings, duplexes, condominiums, hotels, boarding houses, which are rented to transient guests for periods of less than 30 days, nonprofit homes for the aged, school dormitories, rental units owned and operated by any government agency, and any new rental units first rented after September 7, 1979.

If you expect your prospective tenants to drag new homes onto your lot, in a non-touristy, non-retirement community, what is the average household income in your area?

Own few rental properties and would like to discuss on purchasing  8 condominium (tenant occupied) deal in NJ area.

They seem to primarily manage medium to large condominium communities, but I know they have several properties with fewer than 10 units in their portfolio.

@Michael Lee Just some Stockton stats, take them how you will:Population growth: 26%Household Income growth: 40%Property Value growth: 207%Average Rent: $1,025**stats over last 15 years.

Usually the same condominium complex is already sold out before even launching, taken  by the same family that also invested internationally like to New Zealand or Australia.

Back then, I was living in Thailand, and a friend told me about this new condominium project, that was almost finished.

Ryan, if your household doesn't qualify as REP, then your losses from the rental real estate as described will be suspended and will not offset the W-2 income.If you do qualify, then yes it will help.

I still only have a small portfolio, but where I’ve been successful is house hacking in cash flowing areas (ie near colleges) and buying condominiums In neighborhoods that had potential for appreciation (ie jersey city).That said, my next investment will likely be out of state.