Sounds like you are happy with the answers but here is something else to consider: NJ is a judicial foreclosure state so timeline to foreclose is multiple months at a minimum and could even be over a year depending on the tools you have.Is your lender a big institution or a smaller private lender?

Is there a certain direct mail service they prefer?  

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Many OOS investors pick one market to master before expanding.Spending the next few months learning and analyzing deals is a great plan!

My thought is to structure a deal where we borrow her parents equity from them and pay them in monthly installments once we get the apartments rented.

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

My account was corrupted 6 months ago and can't talk to anyone other than a bot.Pretty terrible customer service....drove me to quickbooks....any discounts there?

So when you see that less expensive price tag on a manufactured home (in comparison to a similarly sized- and priced stick built home) please remember that your monthly payment might be more expensive.

I'd suggest focusing on your goal to purchase another multi-family, or single-family home where you can charge travel nurses per room/bed monthly rent.

Analyze properties by looking at gross rental income, operating expenses, and the debt service coverage ratio (DSCR above 1.25 for rentals).