As you learn more you'll figure out which route(s) work best for you.

Quote from @Bill S.: @Jared Rollins so if I understand the situation correctly.

A house was just listed this morning for $650,000 that is livable, needs significant cosmetic updates – it looks like it hasn’t been updated since the 90’s, does not look like it needs many, if any, structural updates, and is directly in the Salem downtown area.

The early 2000's were a different world from what we know today (think Brittney or Kanye) but especially when it comes to real estate mortgages and lending. 

If I add in my Sep #'s it would be averaging $10,192.

I have read many books and articles on the subject, but I'd like to hear some perspectives from others who have already started their investment journey: when you thought you were all prepared and put your plans into action, what unexpected and/or difficult issue(s) came up?

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

Re-read @Karolina Powell 's post. 

@Tom S.

If you are free after 230p, find something else real estate related to work at for a handful of hrs a few days a week and stockpile that cash.Lastly, NJ is a great market and there are multiple spots in south NJ that #s still work and aren't completely in War Zones.