I started my real estate career by joining New Western Acquisitions and the training has been phenomenal.

@Joshua Rawe  Shopping for a 2-4 unit using FHA can be challenging (specifically on the North and NW side), but very do-able. 

Kenneth, there is a 3bd/2bs house for rent 3 blocks north of this property on the rental market for $1,600.

@Jasraj SinghI have been speaking on Real Estate Investing all over North America for years.

Not that familiar with NJ as I invest slightly north of you in Orange County (and commute to the city!).

You might try working backwards, using your formulas to figure out how much you can pay, so you don't even consider anything way north of this.

I like the long term prospects of the town and I wonder if owning the land corner to corner on the main road of a great small town in North Carolina that is growing and has high incomes and property values (compared with surrounding areas) would be worth the short term negative cash flow.

I know North American (small) property developers who decide to start doing property development in Latin America on their own.

My buddy and I house hacked a duplex in Old North Columbus.

We actually manage a 20 unit at 139 North Claybrook, 4 plex at 593 Ayers and a 5 unit at 301 Pauline Place.