We have been coast /medium FI for years and utilize about 60% of our free cf total. 

He runs a firm that exclusively buys properties (small to medium sized multifamily mostly) in NJ.

You probably want access to certain things (shops, airports, cultural activities) so your best bet would be to try to live somewhere that's a medium sized city and not a smaller city so it doesn't shock your system and the way you live your day to day. 

Hello All,I am planning to convert the unit I occupy in my house hack duplex in Jersey City (JC) to a medium term rental.And will no longer be living in the property.Does anybody have any resources as to what the rules are for doing this in JC?

I am think a warm medium brown color for the flooring.

@Ashley Turner can you convert your properties to long term or medium term rentals?

not ready to take high risk so prefer good neighborhood and steady rental market. risk level: low to medium.

Figure out the base, likely, and optimistic IRR, describe the risk and effort involved to get it, then ask whether that's all above or below what we're seeing.At the moment, I personally look for a 5-7 year IRR in the range of 10-12% if it's low risk and effort, 13-17% medium, and 18%+ if it's high risk or effort.I can have CoC of less than 6% in any of these scenarios and it's still a good deal.

Beyond the financing difficulty, Mexico does not have well developed legal structures to protect the property rights  of small to medium investors.

Ive found this language in all of the DMV counties I have researched for STR ordinances except for Frederick County MD so far which makes it challenging to start up a Medium Term Rentals business in the DMV area but could possibly still work with 90 day or longer bookings.