When you’re pressed for time or eager to start a project and need things to move faster, consider outsourcing tasks for efficiency.Overall, I think you should go back to the drawing board, build a specific and optimized list, and market to it consistently.

What if you decide you can beat your flip returns in something more passive that is maybe lower risk because you're splitting profits but your friend now relies on the income from the flips as somewhat steady income?

After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk.

It seems most want to beat you up, and show thier knowledge and flex about not getting property management not vetting ………None of that matters now.

After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk.

My plan A for my folks will always be to hire a 3rd party, but having done this for a very long time, I know I will come across those that want to be at least a little more hands on and I want them to have an option.Thanks in advance for any suggestions.Cheers,Robert

A super ball number to get you going would be at least $190/SF-$220/sf ish... to figure out square footage it's probably best to connect with a Chicago architect like @Samuel Pavlovcik or @Prashanth Mahakali both can talk through the zoning and plan development process.

So in conclusion, it would be financed as a conventional with 20% down ($100k), and out of the $400k, $300k will be at 3% and the remaining $100k will be at the current mortgage rate?

If you've educated yourself and the numbers make sense, pull the trigger before someone beats you to the deal.  

I'm curious what you decide to do but agree NJ is tough and lot of other flippers are in the area putting cash offers on beat up homes before we even see them hit the market.