.- You don't need to offer the full asking price as earnest money, but a large deposit definitely helps woo the seller into believing your offer is serious.

What made you interested in investing in this type of deal?

To keep up with house hacking and real estate tips in 2024, check out new videos or shows on YouTube and podcasts that have been helpful before, like BiggerPockets, Meet Kevin, Graham Stephan, Morris Invest, InvestFourMore, The Real Estate Guys, and The Rental Income Podcast.

Tenant screening is challenging and you have to have the right process in place to make sure you choose wisely.The main thing as many said, this shows a red flag on the amount.

Happy to help however I can.

NJ investor myself - happy to help you navigate these unique waters! 

Did the city official revise this to 3+ units?

This is a great place to learn and further investigate investing in real estate.

I am in Milwaukee, very hot rental market.Whenever you have an issue like this, think with an XLS and project dollars, for example:- 2 months lost rent: 2 x $2000- 5% lower purchase price: $15,000 

My team is also well connected to this sector of the industry allowing us to be experts in Land listings as well as have access to numerous Off-Market Listings.