Probably not.A solid class A or B property in a good neighborhood with good schools might have a low cap rate and barely cash flow but your headaches will likely be less and at some point in the future you will still have a desirable property that commands good rents and has appreciated.Well that is at least how it has panned out in my experience.

Now, they all sound like the days when intercontinental telephony was in it's infancy: tinny sounds, severe echo issues, garbled or barely intelligible, major distortion...David J Dachtera

First, you will need to determine the absolute bare necessities of your rehab (e.g. replacing the roof, perhaps replacing the wiring, foundation/water issues, etc.).  

Ultimately this meets the code,  but remember code is a bare minimum. 

Additionally, any multi-fam you'd be looking at in that price point would likely require at least some degree of moderate to heavy rehab, which would again require additional funds.Hey Kevin Manafi Just for future reference, how much do  you feel is the bare minimum someone should have in order to invest in multi-fam in NJ?

Austin is overpriced you'll barely break even if you're lucky

I started house hacking with barely any research, two houses in fact!

A two-year holding period is deemed to be the bare minimum.Additionally, in all private placement offerings, the subscribers must be formally accepted by the issuer.

My PM does confirm income and my guess is that this group typically just barely meets the requirements of 3X.

(And honestly most small rentals, over the long term, barely break even given long term capital needs)And then you get to syndications: likely the most passive, but all control lost.