If it is for liability protection, keep in mind to actually limit your liability means that any loans and insurance for the property need to properly be in the name of the LLC and not your personally.

The ordinances only apply to city limits currently so you’re probably fairly “safe” in the county.

But we had four kids, a hubby who was a car guy and needed a shop or big garages, and a limited income.

I think they have updated limits on owner financing sales as well.

Long story short if you are committed to house hacking the sky is the limits and there is endless possibility, it really comes down to your comfort level and where exactly you need to be in New Jersey.

There is a big tree there, limiting the width of the alley to about 8ish inches.

The limits are not high at first, but they can build with good utilization and payment history.

Quote from @Stuart Udis: The natural buyer of the entry level SF homes have limited cash and therefore the biggest obstacle they face is funds to close.

My husband and I (ok...my husband) are pretty handy, so we aren't afraid of doing a lot of work ourselves, and I know dealing Iowa winters will mean we need to take some precautionary measures, but it seems like low cost of entry for investing (we just got our first SFH this fall)

Most HMLs I work with for my CFO clients require $10k equity or (10% of the purchase price) as minimum equity while limiting the loan to 70%-75% of the ARV. depending on the lender.