Rehabbing a fire damaged Multi Family in Union County NJ

[Nedje Severe]

Hi Bigger Pockets Community, 

I'm in the beginning stages of REI and have come across great opportunities, which to the unexperienced eye look like great opportunities. One of which is an 9 bedroom multi-family with 2 legal units and a bonus 3rd unit. The property has 3 stories, 2 of which were damaged due to a fire last year. This property is now a damsel in distress waiting for a rehabber to save the day. This property offers a number of benefits. Sits on a massive lot, has a solid rental population, IMO can be expanded to a legal 4 family or have another property built on the additional lot.

I'd like to accomplish 2 things. 

1) Learn how to analyze a fire damaged property with either a buy & flip or BRRR strategy in mind.

2) Partner with a rehabber who is looking for someone who's willing to learn and contribute free labor in exchange for a small percentage of the profits.