I am considering purchasing a large 2 family in the Bergen-Lafayette area of Jersey City with plans to convert into two condos (plans area already in place).  

You should always fly down to the market you are investing in and set strong standards with everyone you plan to work with.

I'm planning my exit as a lease-option but want to make sure I can resell it after an update for profit as well...just in case. 

Additionally, once your tenants move into the rental, you will ask them to sign up for their own electricity plan.

At Partner Driven, we provide comprehensive support, including funding, strategic guidance, and project management.

How many IFBB pros you planning on hosting

The part that I'm caught up on is that in IRS Publication 523, page 11, it says the following, which is where I think my situation is a little different because I rented out bedrooms rather than units in a X-plex:The home is under my name, but we were planning on filing jointly.

I plan to convert it into student rentals.

If you plan to invest in real estate you want a relationship with someone you can hire for issues or even to get questions answered.

A comprehensive financial plan should consider both debt repayment and investment strategies for long-term financial health.Thank you!