Can I purchase the condo and at a later date, if I determine it necessary, sell the investment property I already own and 1031 exchange the proceeds into the condo I have since purchased?

The difference is that with the Triplex I don't have as high of a future value as I do the 14 plex.My 3rd a 22 unit - This has the highest return, This is my best deal to date, and I would say that is a result of my previous 2 deals in learning better planning.

But, what does this look like 20 years from now when the houses look dated?

I said no.I have to make a decision by tomorrow whether or not I am going to walk or buy.I am wondering if they are hiding other not paid to date tenants and I am going to be stuck with other evictions.

You can do the research, join a local apartment association or hire a PM.If that sounds doable to you, you can certainly search online for a property, but if you find a good agent, they should be able to steer you to a property that will serve you well as well as point you in the right direction for any management advice you might need.Best of luck!

(Smallest Reno budget to date was 45k and largest was 150k) Im also from Jersey.

No way around good planning and doing your homework.Exactly, I've never done it that way, I'd only use that as an estimate if you were looking at a house online or something.

Online option? 

Vertical wood is dating the property.

With all the new apartments coming on line vacancy rates will most likely dip for a period of time