But, I also vaguely remember wanting to have my own space and yard, since my wife and I moved out of a 4 family when he bought our first home.With a house-hack you will have a roommate. 

And there are more and more new 2-family homes being built all over the place.With price per square foot still hovering in the mid $200s and the commute to Downtown Manhattan an easy 30 minutes, Bayonne is attracting a lot of interest, and I think it's a great house-hacking opportunity, especially for those coming from much more expensive markets (most of NYC and northern suburbs).To your point, the larger-scale activity is east of 440 on the former Marine Terminal only because there is so much space there and room for big-box stores like Costco, Lidl, Lowe's, Walmart, etc. 

Conservative Analysis, Restful NightsWith coronavirus, there has been some uncertainty in the single-family and multifamily(100+ unit) space.

Nice property with plenty of space, on a 5 and a half acre lot!

I've seen potential roadblocks for adding an additional unit with parking spaces being a big issue.

In the smaller space you do not need loan guarantors, syndication attorneys, investor management software, etc.Please reach out if you have any questions about either bucket, I came to a similar fork in the road and currently do both (invest in small deals with personal funds and partner in syndications with experienced operators).

I first need to buy a garage to be able to apply for the short-term rental permit, since i need to be able to provide parking space for the guests.

Moving on- i have framed the basement, and got plumbing added to finish the space.

If company policy of the appraiser or the bank dictates that basements are of lesser value, I get it, but they didn't give it lesser value, they just ignored that area completely and compared it to 1100 sq. ft. ranches on crawl spaces.

Property is in a good spot of town, 5 minute drive from the local college. 2br with a basement that has room for either 2 additional bedrooms or 1 bedroom and a kitchenette space.