As a result, price gouging has become a common issue.

It’s a common practice and I’ve never had any opposition to this provision.If you don’t have an operating company, you could get into contract in your own name and then assign it.  

Looking to net 4 figures a month in cash flow with this unit - the goal is to close 7 more by the end of the year - let's see how it goes. 

It's just common sense, but not really scalable as a business of its own IMO.   1.)

Private lending could be an option if your goal is "cash flow".

My ultimate goal is to use this capital to generate enough cash flow to focus on real estate full-time.

For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

If you're looking to connect I am happy to chat about this market and find a property within your goals.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Real estate is an excellent avenue to help you achieve those goals, especially since it can create both passive income and long-term wealth.