Those are 2 different services that get called the same thing.

But recently they were sold at a very different prices per square foot.

(I am currently staying at another similar home in the neighborhood where the owner has done something similar)My main questions for the forum are:Zoning and Legal Considerations: Does anyone have experience with the zoning laws in Union City, NJ, especially regarding converting single-family homes into multi-unit rentals?

I would use this on the EIN and estate bank account when opened.I was administrator for another estate a few years ago, but it was a different jurisdiction with different rules.

I reached out to two different lawyers that we use.

Currently looking at 2-3 $50-60k sfr properties all being sold by different sellers. 

@Noel Dixon The most overlooked thing I see when people talk about assumable mortgages is that, if you can get approved by the lender holding the mortgage, you will need to bring the difference between the loan and purchase price in cash.

You want to ensure that your lender is doing their upfront due diligence on the deal, has programs to get the deal done if the final numbers come in different(low DSCR requirements, favorable rent guidelines, etc), and is offering you excellent customer service.

As an example in a different real estate “product”, we owned a 70 unit motel that we had converted to mostly low income housing.  

With my main goal being to house hack a 3-4 unit through owner occupancy then eventually moving out and renting my unit with naca it may take some years to pay off the mortgage.