I can work remotely from there, and I actually prefer IN to CA as crazy as that sounds to most people.

Preferably two if possible.

Are there any preferable areas for multifamily investing in NJ?

Unfortunately, my wife likes properties that eat up our money, whereas I prefer cash-flowing properties. lol

If the seller owns the properties free & clear & owns other properties, he may simply prefer not to cash-out and pay capital gains.

My wife is a licensed agent and I passed the licensing exam though I never went with a broker.If I went all the way managing, including renting it out, signing leases, collecting rent checks, upkeep, repair and maintenance, paying the bills, taxes, insurance, I would do it via a master lease, preferably a NNN lease, and for all intents and purposes, you can act as a landlord, make money on the rents, and not have issues with licensing as you have an interest in the property.

Hi @Nicholas L.I'm hoping to do an 80/20.I could get DP money from the equity of my property BUT I would prefer to save that money for emergencies.

I'll add an anecdote of the time the stager he hired backed out at the last second (can't remember why, scheduling conflict or illness or something), Marcus ran right out and staged the property himself, and the choices he made were brilliant, in the greatest taste, and were plenty enough and not too much to get the best bang for the buck - you can't teach that sort of thing.

I prefer a construction loan through a bank. 

Preferably one that needs some work, but if cash flow makes sense I'd be interested in a turn key as well.