I have been successfully renting out 3 rooms in my single family home while living in the unfinished basement for a little over two years now.

If you need to be local to NJ I would stay and reap the benefits of massive rent increases along with huge appreciation. 

It works over time, but the problem I see there is that you are consuming junk as well as having to make decisions on what is actually valuable information.There are plenty of opinions on how to do such on Bigger Pockets, but a lot of those opinions are misguided or wouldn't apply to you.You can do joint ventures with successful investors.

I’ve gone from having 3 doors to 9 doors and have done 70 transactions in a little over 3 years.

Some idiot that was inexperienced at BRRR got in over his head(upside down) and resorted to leasing to a soberhouse operator across the street from my parents nice SFR in an affluent neighborhood....first the friends and ex-dealers come hang around the house, but, they are not allowed inside, so they all hang outside on the stoop or just down the street, if that's in front of your 80 year old parents house, too F'ing bad!!!...

As you know all areas have been challenged with over priced houses.

I have had a good bit of investment property listed over the last year. 

If you do this you'll have a huge pile of money that will allow you to pursue whatever strategy you want very quickly.If I had to do it all over again, I would buy a personal residence as soon as I could, probably house hack, then buy a new personal residence as soon as I had the money for another down payment then turning the old house into a long term rental.If you're just starting I'd also recommend listening to the Bigger Pockets and Real Estate Rookie Podcasts.

This increase in dollar volume underscores the robust demand and high value of Miami real estate.List Price Success: Sellers received 97% of their original list prices on average, maintaining a steady rate from last year.Speed of Sales: Homes moved faster, with a median time to contract of just 28 days (a 6.7% reduction) and a median time to sales of 70 days (a 1.4% decrease).Inventory Levels: Active inventory rose by 27.3% to 3,864 homes, and the months’ supply of inventory increased by 33.3% to 4.4 months.

If you were there over two years you won't have as much to pay as much in taxes.