If you only do one deal per year, your commission will pay for all the fees related to maintaining your license.  

I think the crux of the issue is how well the tenant maintains the home.  

In New Jersey, for 3 family buildings and up, both the state and the city are involved (the state does a multiple dwelling inspection every 5 years, the city maintains its own, not necessarily consistent, records of how many units a building has).

As a part time real estate investor I don't have the time to be the yellow letter guy beating the bushes for the deals right now. putting a small mark up on each one would keep them moving and keep your buyer buying.

I guess I just need to get over my first timer cold feet and just start asking!

@Andrew Johnson While a bio is always useful, especially when building a new lender relationship,  it's less necessary for an owner-operator with a track record, such as yourself, than a first-timer transitioning into multifamily loans $1 million plus

Imagine the difficulties in selling, maintaining, upgrading with 5 decision makers.

The overall market is strong and seems to be maintaining that strength, so over the long haul it will most likely appreciate.

You will likely get a better return with a fixer-upper or even a well-maintained, existing property.

If/when I decide to move in the future, I could hopefully rent the main house and mother-in-law suite together or separately.What are your personal thoughts on a single family home with mother-in-law suite strategy as a first-time real estate purchase and investment property?