Using an FHA or using a homestyle loan you can get into a duplex easily and even possibly a quad or tri with $20k.As for as areas:Places you don't need thick skin for but are close to where you grew up and have MFHs: Little Egg Harbor, AC, HammontonPlaces you need a thick skin for and are kind of close to where you grew up and have MFHS: Vineland, MillvillePlaces that aren't close but have really good MFHs: Gloucester City, Wildwood, Woodbury Best Luck

I think our natural inclination to get more cautious as we age coupled with the perception that the real estate we can touch is somehow more secure. 

There is very little natural light and I am wondering if that will put off tenants or potential buyers when I sell?

Also be sure to account for snow removal and things of that nature if you’re buying multifamily

Having "skin in the game" will give you credibility and make the bad deals like this easier to get through with investors if they know that you too suffered personal loss.5) Be transparent and have a high level of communication with investors. 

Are there any particular guidelines that need to be followed, and are there any pre-written packets, or something of that nature, that I can present to a potential investor, and any "canned" type presentations that can be tweaked for each potential project?

I've been able to get great tenants over the years and might spend all my time worrying that the management company is mis-managing my property with terrible tenants and little skin in the game. 

Most of the work that needs doing is cosmetic in nature.

Naturally I’ll consult an attorney before moving ahead but curious if any of you have had this experience.Appreciate everyone’s replies.

Or no stain depending on the wood's natural coloring.