So I was able to have a cushion built up to float the first vacant month.

Each neighborhood is unique.  

Run the numbers, pad the numbers with extra cushion since costs ALWAYS overrun. 

I have recently made my first investment in the area and will be a "house hacking" a unique property in Union City, NJ (2 detached single family homes (3br & 2br) on a single property that includes a dedicated parking spot in addition to a car port, out door space, and a bus stop to Manhattan on the corner) Any and all feed back regarding what I can expect for rent rolls, appreciation, development of the area, etc... would be greatly appreciated.Lastly, I would love to join any local meetup groups and more than happy to grab a coffee with investors in the area to network and see how we can help each other.Thanks,Wayne

Rely on your information you learned as a guide, but remember that each deal brings on its own unique circumstances that may not have been predicted. 

We do this, and the process is something like:1) Regardless of anything, your situation and process will be different than what I describe, because every property and community is unique.2) You need to check your zoning.

Hi @Mario Russo , I live in Minneapolis and I think each person has their own unique competitive advantages those will start to come out and help guide you what investment category fits you best. 

I like having my HELOC partially as an extra layer of cushion. 

I rent the upstairs for $2300 and my “old place” downstairs for nearly $1,700 (I have a unique deal where they tend to the landscape and snow for me at a reduced rate) And guess what?

A parcel is the unit of ownership and has a unique number (the Assessors Parcel Number).