I’m looking for a 2 family home, budget is 350-375k max, and in my area (Hudson, Bergen, Union and Passaic counties in NJ) that has been quite the challenge.

If you feel you can make a strong case, then I would challenge the appraisal.

Your bigger challenge could be taking title in the LLC for the new purchase, unless working with a local bank who will allow it - like Firstbank.

When they're selling for $170,000 and renting for 1600/month, they can approach too-good-to-be-true.I do think the stadium will generate more commercial investment to the area, but I'd have to ponder more how that would play into appreciation/rent/demographic changes.

Anything over 4 units should be analyzed on an income based approach.

If I am approached with a request when I am at the property- I give a hard no.2.

Not a very scientific approach… lol

Everything will have challenges, which challenges do you want?

This is one of the big challenges with small multifamily properties.

I was fairly aggressive and within a few years bought around 15 units, but even a less aggressive approach will allow you to get there in under 10 years (if done right).