(I am currently staying at another similar home in the neighborhood where the owner has done something similar)My main questions for the forum are:Zoning and Legal Considerations: Does anyone have experience with the zoning laws in Union City, NJ, especially regarding converting single-family homes into multi-unit rentals?

I'm curious to hear about others' experiences with implementing their plans for initial improvements.

Ask them about their experience with the property or area and share your experience with their property and the area.

Use it as a stepping stone and learning experience so if and or when this happens again, you know exactly how to handle the situation.

Can anyone share their experiences in that market?

no need to buy "debt free"and no need to sign up for a lifetime partnershipbuy 1, buy with debt - fix up - refinancethat is BRRRRif you have construction experience, great!

Ares (ARCC) in particular seems to have good stability along with high yield.Does anyone here have experience or recommendations on potential investments?

Additionally, to network and learn from those who have more experience.🏠 I have been interested in real estate investing since I got out of the military ~4 years ago.

If you have experience, advice or insights, we would love to connect.

There is of course taking into account the area and if it is getting some life pumped back into it, sure you might have a builder or buyer wanting to put a house on it.I would love to hear from anyone with experience on holding on to an empty lot and just taking the hit on the taxes until you can sell for a large price.