Bergen county has a lot more open space, so there is a lot of larger scale development going on there, but it takes months to years and years to get approvals, so there seems like less going on, but the market really is not stagnant at all. 

Maybe they are viable with higher-grade properties with larger margins.Also look too Twin Oaks Really.

Our goal is to substitute a little lost income at retirement by renting a few single family homes until we can switch to a larger complex with multiple units.

Also, she's not too keen on living in a house while it's being renovated.

Typically that can be a little work to get rid of but manageable, with renovation, cleaning, and extermination.

I have one project under my belt with a small Multifamily that I fully gut renovated and recently fully rented out.

The owner has never finished the renovation and it's been sitting idle for more than a year.

Investors now are buying these properties, renovating them, and increasing the rent to at least $500 per room in most cases.

The house was a gut job 8 years ago and it's currently in great shape, it's in a great neighborhood in the city and all units are in great shape and recently renovated.

So, if you can increase the rents by adding value (renovating to increase rents or decreasing the expenses), you will force appreciation and increase the property value.So, you want to purchase multifamily properties that are under-rented, outdated, and are spending too much on expenses.