One long-shot option is to offer a lease at something like $1,300. 

I would like to build a duplex on it for long term rental income.

Long Term non-paying Tenants.

I have done my underwriting for 2 years with zero near term appreciation. 

Hi All, I have an investment property in NJ that was my second home when I lived in PA.

It has taken me time and I am ok with building long term wealth vs spendable dollars today.

How much did the rehab cost and how long did it take to complete?

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

It seemed like a long-term play with less price or industry volatility.

After the HELOC, it would drop down to about $450 per month.My goal is long term equity and appreciation, and not cash flow.