Code r. 3129.1so if the 1st position (mortgagae ) been served means all other lein holders will be wipeout even if not served Notice.

I want to know how to analyze markets to see if my neighborhood is even a good location to do this.

As others have mentioned, you typically need some liquid capital to get a deal done even if a hard money lender was funding 100% of the deal for you. 

With those kinds of rents ($5,800 between the 2), even with a 9% cap rate, in my opinion those properties should collectively appraise for nearly $500k.

As opposed to someone that works a year or less at each job or even moves state to state often. 

We bring all our own food, linens, etc, and typically don’t even have running water at these locations.

I’m curious how they will think I’m eligible for another mortgage without enough “income” for the risk even though I will be renting it out. 

Ended up calling the Jersey City Division of Housing Preservation and in essence the entire home has to be in good order even if certain parts aren't accessible to guests.

We’re more than just a property management company—we’re your trusted real estate partners.I’m originally from Chicago and a big Chicago sports fan (even though the last few years have been rough for us).

Even in up and coming neighborhoods, you can find vacant run down houses and turn a "quick" 20-50% return.