It greatly reduces the risk of failure to rent out if it can be suitable for myself.
Even at a remote location like Edison, if you reduce the asking rent enough I feel you will rent it out, since there are rental units in the area. Many people don’t mind the Edison commute. Some live even further out.
| Edison | JSq/Harrison | Bayonne | ||
| ▼ | best | reasonable commute | self stay | |
| land-based? | most promising | promising | appreciation | |
| (some demand) | better? | good | RD | |
| unlikely | possible | good chance with multi-family | divide | |
| good | ▼ | (possible) | family stay | |