-Current market rent is $1,250 per unitHere is what numbers look like when I live there: We currently pay $1,450/month in rent right now so that's something to consider.

Just a home that you rent by the room while living there?

I don't live off this cashflow so that alone doesn't bother me. 

My partner and I currently live in Brooklyn in a 1bd 1ba condo that we would like to rent out for about $1500/mth to a family member.

I live in NJ and just don’t have the time anymore to give them the attention they need to succeed.

Or you can do just a smidge more and present a property people would actually want to live inside. 

Even if you buy something that needs slight renovations, you can do them while living there, and then in a year or 2, you can rent that one and have 2 units in your portfolio, and buy another primary residence to move into with 3.5-5% down.

Welcome to BP :) Would love to connect- lived in north Jersey for over a decade

I do a lot of Condo Associations and I'm having more and more trouble with having companies having to cover such a big property amount in say an acres or 2 of land mass.2. have no idea3. not sure about regulatory barriers because there have been plans done through employers or associations where they'll give a specific discount, let's say 5% overall to the employees they can write but that being said those clients typically don't live right next to each other, have the same age/style/value of home and they still have underwriting guidelines they have to go through that can generate rate or every deny the coverage.That help at all?

I lived in a townhouse for a few years right between the line of Blacksburg and Christiansburg.