The vacation property was purchased in 2017 for $500k and currently valued at $1.3mil. 

Hello Bigger pockets community, I'm brand new to the real estate game and recently purchased my 1st property.

I am considering purchasing a large 2 family in the Bergen-Lafayette area of Jersey City with plans to convert into two condos (plans area already in place).  

Typically, most lenders will require a minimal of 20-25% on a multi-family investment property purchase. 

What are some areas to purchase in that have good school districts and will invite long term tenants. 

Does anyone know where I can find off market properties to purchase for rentals???

Purchase price: $320,000 Cash invested: $55,000 Sale price: $320,000 Helped House hack for a cient of mine.

I found that the estimated renovation costs to be under and the ARVs to be way over - this is now proven where another investor purchased the property and is trying to flip it and I've seen several price reductions. 

Keep in mind, since they fund the deal 100% (purchase and rehab), they are taking all of the risk.

Not just from this website but other sites and programs I've purchased in the past.