I will be focusing initially on Hudson and Bergen counties with plans for further expansion in the future.

Appreciation in multi-family is tied to expansion of rent revenue, which is a function of desirability of your units, building, location, etc.

Even better, is to do this now (while the expansion is fairly healthy) and also reducing exposure over the next year or two. 

I've owned property in TX where flooding, termites and expansive soils are an issue.

The main problems you have with foundations is poor drainage, poorly compacted soils, expansive soils or some combination thereof.

@Henry - Agreed about the good investment, but my concern is the issue of getting the permit for the revised 4bedroom layout (usually if 2 bedroom single story is remodeled with 4 bedrooms without expansion, it's very likely that it violates the code).

I am excited for the new east coast expansion!

It was difficult as I was actually working in Baltimore and checking on the progress every other weekend when I came home.Some people are just hacks.. more the reason that my company expansion has a service people need.And speaking of which, I am actually launching a renovation company and hope to be up and running in about two months.PEARLBefore: https://www.facebook.com/mustangloco/media_set?

If you are located in these expansion markets and are a property management company, Realtor and/or project manager with construction background and interested, please contact me.

And I also wouldn’t want a 1 BR SFR unless it had possibilities for expansion.