The reason many investors, new and experienced, have trouble here is they don't know what generates this criteria...and they don't understand the concept of reverse engineering, to solve any problem.

Unfortunately my wife isn't interested in the concept of house hacking and doesn't feel comfortable having our own tenants as neighbors, so that's off the table for me.

Rents range from $1100 to $1600 and we have applied that concept at both ends of that range.

We buy As is where is properties and rem-mediate the structural aspects to obtain insurance then sell for modest profits.I am looking to adapt my concept/strategy to the Tampa bay market with regards to sink hole properties.

This will teach my kids important biblical concepts and the value of crazy levels of generosity.

I have been looking at BP for some time, and learning the concept of BRRR and Wholesaling etc.The question i have is, which areas of NJ (preferably North NJ ) are places i should look into where i can rent out a unit easily (lot of rental demand).

But the Internet, mobile devices, wearable devices give us housing services providers NEW opportunities to make up to 10x and beyond the traditional NOI.It's OK to let go of old landlord expectations... and grasp new business concepts.

Make sure it is permissible in the city you plan on doing it as well, many cities have now banned the Airbnb concept.

It all goes back to state legislation and how the cities can regulate there own affairs.I interpret many zoning codes and in general there is an underlying concept with them.  

Many of the concepts I learned in the stock market translated well to RE investing.