@Julian Coleman The market is still really hot, any deals that you can get under contract in Northern NJ will be easy to move as long as its priced well, south and western NJ will be easy to move as well but stay away from rural areas, flood zones or properties that are located too far off the beaten path, they will all be a bit harder to sell  

The one downside is that population loss is a warning sign...if you are a long-term investor you could lose tens of thousands in appreciation...but you still have debt paydown and equity build...and once that 6-unit is paid off and fully occupied the number will be dreamy.I think the more important question is the strength of your team...mainly your property manager.One thing you should consider is working with housing choice voucher tenants...my city is 80,000 units short of demand right now...this trend is growing across the country quickly....a waitlist for tenants paying market rents can be a very good thing in a declining city

@Sal Orlando I used Bank of England (Arkansas, not the country).

West TN has some actually started evictions and may be the only place in the country (yes you read that correct) that is evicting.  

What area of the country is this? 

If I wanted to buy in my desired areas I’d need a bigger deposit on top of the FHA loan limit, in which case I’d just go down the conventional loan path.

You bought a rental property in the most landlord friendly state in the country. 

If your far out in the country your average should be about a 10 x 15.3.  5.5 acres and 343 units. 

I have some great lenders if you want to have a conversation about what you'll need to get you on the path.

@Phil PatCreate your path/experience.