Accessory apartments may be allowed, but often come with a requirement that the primary area of the residence is owner occupied.

What is the average price you are seeing/bed or /resident?

So only thing I see happening is you creating paperwork for the sake of paperwork. also, when you occupy a rental unit, it becomes your primary residence and you no longer can claim normal rental property deductions on the unit for the days in the year the property is not in service as a rental property.

If someone is willing to live with family or in a homeless shelter they could potentially invest near 100 percent of their income and certainly benefit more in the long run compared to owning a primary residence.

She's a longtime family friend and I bought my own residence through her.

My advice is to reach out to local residents wherever you plan on investing if you’re not familiar with the area.

When it comes time for you to take over the oceanside property as your personal residence, there's probably a decent chance you're going to spend some cheddar renovating the place.

Presently, house-hacking wasn't on my radar as I already own my primary residence and even the cash flow if I eventually moved out of my house hack and rented out my unit wouldn't justify the prices I'm seeing in north NJ. 

I could have had that when I last renovated and refinanced my current personal residence, but I made the mistake of paying off most of my debt instead.

I could have had that when I last renovated and refinanced my current personal residence, but I made the mistake of paying off most of my debt instead.