If you buy your relative’s house for $130k-$140k and put in $10k of updates, make sure to get a Broker Price Opinion (BPO) and/or a formal appraisal to show its true value.

It's true that I'm surprised that $30k/month as a goal comes off as annoying to so many, in 2024.

A broker can shop this out with multiple lenders depending on your situation.

True, gone are the NO Doc loans to anyone with a pulse, but mortgage investors and lenders still have a lot of creative ways to lend.

true people search is pretty solid and its free.

There are also plenty of great bars, restaurants, and shops in the area.

The true fraud would be buying as a primary today and not occupying for 9 months. 

And this is not the case for a true flip, as in Basit's #1.Mentioning #2 creates a dangerous incentive to ignore the rules applicable to flipping and rely on a flimsy declaration of "intent" to hold the property as a rental. 

You could also talk to a mortgage broker as they will shop around a bit.

You will end up losing the deal.You need about six months of networking and active deal flow to create a potential buyer's list and email distribution.However, if the deal is really good (very unlikely in New Jersey), it is true that you can find a buyer.