A lot fewer people would prefer to make a few hundred bucks a month with a LTR when they could make 5x-10x that (sometimes even with a property manager so it's hands off for them) as an str AND get to use it themselves sometimes.2) Drives the price of houses so high that low wage workers can't afford to buy and so it doesn't make sense for people to buy as a LTR (or keep rates reasonable). 

My preference would be to use vinyl since this is a standard rental, but I would consider hardie plank if folks feel that would do a superior job at preventing the racoons from clawing their way back in. 

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!

Preferably a side-by-side, but open to up-and-downs as well.

What kind of returns (preferred, cash on cash, IRRs) are people seeing for these offerings lately?

@Tre Tyler  I prefer local lenders!! 

For your markets, do you have anything for sale in your preferred areas now that you can share as a great investment? 

What kind of returns (preferred, cash on cash, IRRs) are people seeing for these offerings lately?

Preferably, I like to buy because this takes out competition, greatercontrol over pricing, and hopefully they have some land to expand on.

Is it allowed to start a syndication to raise funds with the sole intent of using those funds to invest in other syndications, preferably as a GP?