There's a few opportunities to buy quads, tris, and duplexes.

Quote from @Kaushik Sarkar: Hi,I am looking to invest first time with a turnkey developer,  who is buying the land and building a multi unit commercial retail center and some apartments.

@Tove Fox hope you find this copy & paste useful:)-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.

Northern New Jersey has very little land, therefore the price to buy land is too high unless you somehow get it at a great price.

They just have many of our jobs going on, too.I don't think the costs are TOTALLY far off...I could buy $50/hr for handyman type of work, but then they have their fee in their too. 

i'm currently trying to automate and/or streamline as much administration as possible in effort to get better organized.

After I sent them to him, he asked if I would want to buy one of them.

The other day I started the thread Why do people Buy Property in California? 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.