Especially if it is in NJ which would take FOREVER to foreclose and typically lenders will try and go through federal court to get it done. 

As far as what type of neighborhood, the further you get from downtown Lansing, typically the less crime. 

A typical multifamily consists of 6 beds with an upper and lower unit, and market rent is typically anywhere from 12-1600/month/floor depending on area and condition of property.

It’s too much work.For instance, This property was bought for $5,000 (Five Thousand Dollars).Click on images to enlarge Purchase & Sale Agreement (many more examples available).This is an example of how the numbers workThere are hundreds of people doing these every day around the country.My experience is the best place to focus on these are the typical places.

Hi, its 2024 and in the 2023 property tax bill just received, Cuyahoga County reassessed the 21 unit building we bought in 2021.  

To many people focus on rate, rate, rate, I am not worried about someone shopping me because I am a mortgage broker and we typically have the best rates or close to it.  

Typically I am a flipper but have done buy and hold.

We typically pick a market, then run the numbers on what to expect from our investment in that market.

To get work inspected and permitted is typically not super expensive so just do it the right way.

I say this because you can probably qualify for 3-5% down on an owner occ loan amortized over 30 years with a conventional lender, while most sellers willing to hold the note are typically going to want a higher down payment and shorter terms.