If you're open to that kind of change, you may find what you're looking for elsewhere.One other note: for accessing Downtown JC and Hoboken from anywhere in Jersey City, Uber & Lyft are life changing.

My new adopted model is "live my personal life like Dave Ramsey and invest like Robert Kiyosaki"Thanks for reading this short essay and I hope to get to know all of you on here!

Do not try to do everything yourself.Always do the math analysis and try to look at the subject property before you make an offer or at least have a clause in the sales contract that allows you the time (usually about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that hurts   Right after you close on a deal get an insurance policy that will protect you in case of a loss.Just do what is average for the neighberhood.  

Of course, any RE investment can have a bad year, so you also need to account for the possibility that taxes, insurance, or mortgage payments may not be fully covered by rental income if you have a lot of vacancy due to repairs, low rental demand etc  - basically what is the worst case scenario cash-flow and expense wise?

Some people will say, "Take out a quality Insurance Policy and you will be protected."

My question is can you ever rent out all of the units or will you have to occupy at least one of them for the life of the loan?

I understand the importance of purchasing Title Insurance and always do, just curious if that process is something they are required to always do, are there any laws that require them to do so?

Paying the minimum down on debt is going to take you about three life time to pay off.

There is no real value to having a LLC, unless you have employees, and really not necessary with adequate insurance coverage.

They have a social mentality that you need to adapt to and can not set your standards too high while at the same time insuring they adhere to all community rules.