If you need help with landlord laws, house backing strategies, or traditional MTR investing specific to New Jersey happy to help.

Income would be the same if I compare to the 4 bedroom house at $1000 per room.  

if you want to buy a vacation house for your family, and you can afford it, and you'll occasionally rent it out - that's great, it's just not an investment. 

I wouldn't spend 2k on it or anything.Yeah I have one particular house where everyone who books it constantly says how pleasantly surprised they are at how nice it is and that it looks so much nicer in person than the photos.

One of the biggest mistakes newer investors make is over-rehabbing houses and spending too much money on these low ARV homes.

That violates fair housing rules.

That allows the timing of the renting much easier as you can move into the new house, then rent the other, then refi the bridge loan into a perm loan. 

Quote from @Dalton Dillon: I just began my journey as a builder, and I spent $4000 for architectural drawings on a 2000sqft beach house.

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

 Hi Roger, yes, the plan is to house hack.