In order to subdivide the homes to be able to get a conventional loan we would need to connect the houses to public sewer which is likely to cost $$$.

Are you going to pay for the seller’s realtor, or in this case his other selling costs?

Whats the cost of the mold remediation?

The idea is to HELP offset your cost of living, not totally replace it.

The only caveat is maybe if you have property management set up that can handle it all, it becomes their problem to manage.I'm in the residential world, so take what I say with a grain of salt.

Your experience in managing investments and projects, like your mid-term rental in ABQ and the condo development in Mexico, will surely give you a solid foundation as you delve deeper into real estate with a focus on cash flow.If you ever want to chat about strategies or need advice on your next steps, feel free to reach out.

With less demand, sellers may be more motivated to offload properties, especially those facing higher holding costs due to rising interest rates.Also, the election season plays a major role with what's going on. 

Tips include finding multi-unit properties, living in a unit for a year, property management planning, budgeting for repairs, networking with local investors, and focusing on long-term goals.Good luck!

Investor-friendly broker/property manager here in Clarksville, TN 👋🏻 Nice to meet you!

@chrisSeveney should have some good advice as well.if this is NJ one thing I do know your in for a long slog and fairly costly