Please verify with zoning and ask them for a verification letter so you can have approval on hand.

Bird in hand is better than 2 in the bush, especially when the two in the bush do not have the money.we are seeing a lot of companies now try and get seller financing and then arbitrage it to renters - similar to STR arbitrage but just arbitrage it with a loan and collect the rent and if the tenant stops paying they walk away and you are stuck with the home, the foreclosure and the subsequent eviction.

On the other hand, if you “just” break even for 30 years on your previous primary home with 5% down.

There are a lot of investors that want to get started and don't have the money to buy a 20 unit, but want more than a SFR, so they buy a duplex to quad.I only know of a handful of quads in my market that got cut up into 4 condos.  

I work with a handful of clients each year on the acquisition and construction side and help them make an enormous amount of wealth on top of managing their properties here in NJ. 

Quote from @Jen Anderson: me too but it's getting out of hand- 5 to 6 calls a day. 

Hands down one of the most efficient ways of learning the ins and outs of real estate investing without taking on to much at once. 

On the other hand, we also had three provide cash-out refinances. 

Since it's new construction, I hand the construction manager the full report and make sure they fix EVERY issue.

Let me know your thoughts and if anyone has first hand experience.