If you are brand new, the highest leverage from a HML I can think of is 90% of both your purchase price and rehab. 

Both units also need brand new septic systems, which the seller will replace.My question is...should I wait the few months for the seller to take care of all of these issues and make sure that it is done right before I purchase, or should I offer him a low-ball cash offer to walk away and then get a HELOC on the property to purchase my next investment.

I would do that deal if I lived there and wanted a brand new unit to put into service..

We live on a dead end, in an up and coming city with lots of building going on, a brand new high school built and will be done some time this year, also is less than a mile away from us and close to in town but not too close.My neighbors house was sold this past Dec.

I too am brand new to the BP team, also in the south NJ area, clementon to be specific. 

For VA's I am requiring an interview...I need to make sure they can carry my brand with each presentation.   

Foundation beautiful, brand new windows, no leaking roof, outlets all brand new.

Home depot has their own brand and also have a type that has glue strips to stick it together and another type with just an interlocking mechanism that they say it is water proof vs water resistant. 

This makes a big difference as many of the big "brands" have no training that will help you understand how to figure out a cap rate or cash on cash returns.

Hi everyone.I'm brand new to this forum and very new to the real estate world.