Although you may get over the initial hurdle, the fact that you could have the discrepancy and waived inspections, appraisal, etc., coupled with any disclaimers contained in the representation would make your claim very difficult.

Taxes are unreasonable, heat expenses are thru the roof, the snow is a pain in the butt and I'm looking for more opportunity.  

The brrrr strategy has been working well for me since not having much capital was the biggest hurdle.

There are some hurdles you'd have to get over if you're looking to do this in Denver.

However my concern is this: if I do not live in New Jersey currently, is there any hurdles I should be aware of with looking at an investment house over there?

I advise you to visit any market and any team you are considering working with to develop a comfort level that will get you over that hurdle.

The largest hurdle for us was finding a lender and a realtor that understood the unique requirements of buying multifamily with FHA. 

Word on the street is to pickup units 20%+ below market with private money/hard money; make repairs or increase the value of the property to 100% market value and then refinance into long term financing; this way you hurdle over the lender's threshold for a down payment.  

Now the only hurdle left is getting it sold before Winter.

It's a tough business, but rewarding if you can get over the hurdle.