Future plans to make cosmetic upgrades over time as units become vacant to maximize future cash flows by increasing rents and finishing apartments to a high level that will encourage long term tenancy.

My wife and I are leaning toward renting because of the long term cash flow opportunities as opposed to the immediate cash profit.

The listing agency is saying it would be about $20,000.00 per month to borrow that much but considering you should be able to get a bare minimum of $1,250.00 each unit per month, and probably more, there is some cash flow that could be made.  

Purchase price: $240,000 Cash invested: $30,000 Bought and renovated myself to a dream STR and MTR property.

And of course you must reinvest 100% of the “cash” you receive or it will be taxed. 

Finally, my end-goal is to find a good tax deed deal, rehab it, rent it and then cash out with heloc or refinance.

Purchase price: $250,000 Cash invested: $15,000 Purchased two houses on one lot for $250,000 at 2.5% interest.

., how much cash do you have to deploy and what is your price range to purchase, do you want to invest locally or at a distance, what ROI are you looking to get on your investments and does the inventory in your market support that, are you looking for turn key or are you trying to force equity into the property, are you looking to house hack or are you doing a 20% down and rent it out right away. 

Real estate can be an excellent investment, but ensuring you can comfortably manage the payments is vital, even if you encounter negative cash flow periods.

If you want cash flow in NJ, it's usually going to be in a C or lower area with little appreciation potential.