@David SawallischWhat did the lenders say is your buying power?

I've went through a pre-approval from different lenders and it looks like I'm eligible to purchase up to 760-780k depending on the property that I buy.My gross income is about 119k / FICO 750-770 / paying student loan $560/moI'm looking for an advice to purchase a property in Bergen County, NJ - specifically leaning into Fort Lee & surrounding areas.I prefer to purchase a multifamily property but it looks like my purchasing power is a bit out of a reach in Fort Lee.I'm also starting to learn that Fort Lee is not a good rental investment area with my purchasing power.My main intention is to get somebody to live with me so it lowers my monthly payment, rather than creating a massive cash flow or return ATM.So I'm also open to buy a single family house that can have a solid layout for a room or basement rent.The fact of the matter is, I'm really not sure about the housing market in Bergen County and NJ in general so please give me a tip/info/advice!

I've done some reading and seen things like"Common council unanimously passes rental safety verification program"https://www.abc57.com/news/com...But I've also seen"New Indiana law strips cities of power to regulate rental properties"https://wsbt.com/news/local/ne...What is exactly is the current situation? 

Assuming your moving the money into multifamily (2-4 unit) properties, your buying power is $528k, but on properties that will cash flow much better than an expensive single family.

Are there structural problems, problems with the roof, major problems with plumbing or electrical, signs of water damage, etc.

@Jamie RoseI think our buying power can go further out of state, AK has some big list prices.

We've put in a ton of sweat equity with refinishing the floors, replacing windows, upgrading electrical, and just general remodel.

Not doing any major structural work, just some walls, electrical cleanup, furnace replacements, roof, kitchen cabinets, and carpet/paint aesthetics.

A member or a member's legal representative has the power to sell, assign or exchange such member's membership interest only with the majority approval of the other members".

You are now in power since you arenot tied to one location or even one town.