I'm looking to potentially acquire some properties there.I don't have any colleget properties in my portfolio yet.I'm curious of your experience. 

I’d like to move into Multifamily somewhere (likely not in DC area bc the prices are too high), and there are definitely multiple ways to get access to that equity to do so.Thoughts?

I will not have access to wifi ( I don't want to use a tenants wifi to connect to the cameras).

@Paolo F.If you acquire another investment property in the future - you should claim depreciation when the units are placed in service(once the units are in livable condition).Regarding the property you purchase in 2017 - you may need to start claiming depreciation on your 2018 return by doing a "change in accounting" which allows you to include the missed depreciation from 2017 onto your 2018 return.I likely would not do this on your own.

Any new construction is about high 100's to low 200's minimum these days because cost to acquire land, entitle it, labor, and construction materials have all gone up.If you are buying 150k below type stuff it can be very tough as existing properties you have home buyers, local buy and hold investors, flippers, out of town all cash CA type buyers who will take less yield to get into a market, etc.

I'm interested in acquiring new buildings in central NJ and maybe we can do something that would save you the trouble of hiring someone.

I want to convert that attic to a master bed with stairs access from backyard.

There is no inspection period, and the interior of most homes is not accessible, so you usually have no idea what the interior condition is.

It is in a downtown environment with access to pubs, highways, etc.

But, it seems like MLS access might not be a huge advantage?