I tried to raise money for them and of course the investors well we cant buy those they dont CASH FLOW well it was a tough time to raise money..

Hello,Bergen, Essex, Hudson, and Morris are some of the most expensive counties in NJ; investing less than 500K would be tough. 

Right now, it can probably go for $700,000.Summer renting is tough, because people know that the heat is no joke, and it doesn't seem like there is much demand during the summer months.My elementary math is telling me that I can earn 1.82% on my $700K.

Is there anyone who can prove or disprove this with their own experience?

Especially with Bitcoin, people on BP are so quick to prove how right they are rather than have a debate and learn. 

It will be tough to find a turnkey cashflowing property but you can certainly keep low expenses if you are interested in quad and live in one of the units.

Can they prove how long it takes to rent a vacant property?

That is why I posted the case reference above to prove it.

Chicago is a tough sell due to the extreme weather.

Tough bit of luck there.