I would cut your expenses and/or increase your income so that you can get into your first deal in the future.

All interiors have the same paint color scheme. 

Basically he told me he was a CPA and mentioned that a lot of investors he does taxes for leverage everything and leave so much deductions on the table vs income...Basically he was telling that if I calculate out my deductions, I could finance only x amount to optimize my taxes and increase my Roi overall over paying all cash even with the higher interest rates on investment loans

Our motto is "We won't throw away a 25 year close friendship over the color of the pillow shams."

You might find that there are restrictions you can't live with like prohibitions on parking a camper, boat or commercial vehicle - and even the colors you can paint your doors or shutters.Be sure to ask whether there are any pending lawsuits against the condo association or any special assessments in existence now or anticipated in the future.You shou;d also request a certificate of good standing from the condo association, meaning that the seller doesn't have any outstanding fines or fees. 

Does anyone know how much I could expect to increase rents on a 1 bedroom condo in Jersey City each year?

There's also a new graduate school there, increasing even more the demand for rentals, in this case higher end rentals.I'm drawn to the idea of a new small apartment. 

I don't think so. our market is still expecting a wave of new residents, due to our politics, increase in jobs as major companies and filming industry moving in.

Its hard to get the balance, but you could likely increase rates and keep the same net $$, but with less wear/tear on the properties.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Six unit apartment building

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

How did y...