Hi everyone,I'm considering purchasing a single family home property in Union City, NJ, and would appreciate your insights on a plan I'm thinking about.

The variance will be granted based off the site plan submitted at the time and the variance application.

Hello everyone.I plan on househacking and, since multi-family is hard to come by, I have heard some people buy a SFH and live in the basement while renting out the rest of the home and renovate the basement in the process.To me it seems like it wouldn't really impact rent amounts too much unless I added bedrooms and I feel like the deal would already have to cash flow because of that I know this can be pretty nuanced but I am open to everyone's thoughts.Thank you!

Our plan is to start our business/investment there.

My client's plan was to live in the property for a year and then refinance, however I explained that you'll only be able to refinance to another loan type if you have enough equity (20-25%).

I do plan on managing my first property myself if it's a buy and hold, and as I accumulated more properties I will be hiring a PM company. 

My outstanding loan balance is 163K @ 3.5%I calculated that I'd clear 900/mo after expenses.I was planning to buy my new house for cash, but with the market where I'm moving/buying I'm having to go about 100K over what I was planning, so I'm taking out a 50K loan for that property.

You should not care about historical numbers or trailing 12 months or last years financials.

Plan on 25-30% down. 

Many resorts hire seasonal staff that needs housing.All said, if you can acquire well, and your plan is appreciation, Tahoe is an awesome place where real estate is a limited resource.Consider snow removal.