Im new to real estate investing, I have 7 years of experience building from new homes to commercial builds.

@Kevin Kim Find the time and build your own lease.

It's very block to block.

They are not wrong, but restricting STRs isn't going to change that; building more affordable housing, on the other hand, just may. 

However, the other benefits of owning real estate are: - Taxes (depreciation/potential accelerated depreciation)- Appreciation (this is NOT always guaranteed, but over time, you will have appreciation)- Building equity (in this scenario, as long as rent is paid, you'll build about $140 monthly in equity)Please note some expenses that are missing from this are: - Management fees (8-10% on average, if applicable)- Estimated vacancy costs (2-3%)- Estimated repairs (5%)Disclaimer: I am a real estate investor and own four rental properties. 

My wife's grandfather owned many buildings in NJ and I have seen that 2 generations have lived off of what he did in one way or another. 

You can get a second one for the property you wish to STR.There is a two-guest per bedroom limit, but there's no possible way they're going to bust you for going over it.All in all, the regulation is great if you live in the city because it effectively blocks outsiders.

I was able to negotiate a package that included the land, some of the materials, and the permits to build it.

It positions you well for real estate success but don't stop there, explore different investment options and build connections with people in the field.

Does it take years to build a new construction and when does the mortgage start for those?