In Law Suit vs. Multi- family
Hi,
As I feel like the market for multifamily in North NJ is so competitive that my chance of getting a good one is so slow, I was told by my uncle to look in to in -law suit instead. I have done some research and look likes in -law suits, is not quite the same as multifamily even one has separate entrances. I called the town on a house I'm interested in and was told that it would be illegal to rent out a level to strangers. Have anyone gone through the process of legalizing an in- law to a multifamily? Is it worth it? what kind of paperworks are involved and how much does it cost?
Thank you!