Something I've been concentrating on internally very much lately. 

Ideally, I would love to buy a multi-family property and rent it out, I would consider house hacking but I mainly want to my first property to be one that I can improve on and have it generate income for me.

Congrats on your purchase! 

There are so many rentals in the area, probably on shared wells, so those people have either decided the STR use is okay or they are comfortable risking it.My intuition is that any actual disagreement over water usage could be handled with the other owner; but the risk would be if the other owner just doesn't like the STR and wants to use the well agreement as a reason to demand it be shut down.Any advice would be greatly appreciated!

What are your thoughts on this?

Use less of that and either get the seller to buy down your interest rate or you can do it and have a comfortable mortgage payment and still plenty left for your emergency fund.

Keep reading, educating and working on your personal finances.

Try your local RE groups on Facebook or meetups.

., great questions and there a couple of ways to handle this in New Jersey, depending on the situation.1.

You’d earn 0% on your $275k.