It really all depends on your investment goals and your circumstance. 

Seems like I am having a problem because I'm a recent high school graduate  Please advise how to buy a multifamily home under these circumstances. 

I see the IRS regs about rental activities being defined as passive, but I don't see anything about a lower rate.I just see that this "passive activity" distinction subjects us to "passive activity loss rules", which limit our ability to offset other types of income with net passive losses.But even that limitation is negated for us because we fall into the "active participation" exception, so we can offset our regular earned taxable income dollar-for-dollar with losses from our rental (if I understand the regs correctly).

And, in those circumstances, it's considered like-kind to any other business or investment real estate. 

The 51% ownership allows for decision making in such circumstances.

@Jonathan Rivera, I'm not too familiar with NJ but what I do know is that it has very distinct regions.

I do listen to some of his stuff and he does have good advice given the circumstances. 

There is a distinction between a builder and a developer.

In this deal, I remained committed to upholding my standard realtor duties and due diligence process, despite the unique circumstances of a judicial sale.

Additionally, the flexibility of renting allows residents to adapt to changing life circumstances without being tied down by a mortgage.From an investor perspective, BTR projects present an attractive opportunity to capitalize on the growing demand for rental housing in high-growth markets.