Im new to this game and I started with the idea of getting a multi family home so that I could house hack and potentially live rent free and then repeat.If I buy this shore house I won't be able to live in it because it's too far from my job and my kids so my original plan won't work in that case.I'm lost and not sure what to do here should I say screw it and try my hand at this single family home or should I continue on with my multifamily home hunt which isn't going to great (Newark NJ sucks it's over priced and some parts are too dangerous for my taste)Any help or direction would be greatly appreciated

Don't make a bad decision or anything, but you need to get a taste of the game.

I rehabbed apartments as tenants moved, and increased the rents (sometimes huge increases after doing tasteful remodel work).I have refinanced the property 3 times, pulled cash out and bought a few more properties with the proceeds.

What there is a dearth of are properties with great themes done tastefully and with houses that have consistent GREAT guest experiences.   

That would give you a taste of what's entailed in entitling land for development in your city.

The syndicators make money on the fees.Just be really careful out there whether you invested individually yourself or if accredited passively with a syndicator.There is a lot of Kool Aid being sold out there right now that initially tastes sweet but has a really bitter taste at the end. 

It would be an unforgettable moment in my life I could not forget.

If you expect to call a contractor every time a faucet leaks or you need vinyl flooring, that price point likely is going to leave a bad taste in your mouth. 

On top of the obvious, sourcing/analysis/resources part.After closing hundreds of deals, FIRE Realty Team has refined the process of helping investors get from analysis paralysis and the "I can't find anything" stage -- to owning cash flowing portfolios.Typically, I'm not one to reveal FIRE Realty Team "secrets" to non - FIRE Realty Team clients, as the above post sheds some insight...but I also know we have a good thing going and it makes a lot of people a lot of money so it's probably good to "give a taste" of how we can help investors.Can't promise everyone a no-rehab, perfect BRRRR, but can definitely promise, we are very good at helping investors build investment portfolios.

In the end you could end up having to try to sell a house renovated to someone's personal taste that everyone else hates.I would personally never pre-sell a house this way.