The tough part about New Jersey is that it is very competitive and very tight on inventory right now.

Pretend to be a renter and shop the competition.

Starting to look at possibly investing there.Great, but also expensive and competitive.

When you do there’s usually lots of competition.

Thus, when a foreclosure sale is held, you can set the bid amount up to the amount of the total debt, which would likely increase from 80K to include the legal fees, receivership costs(we suggest 5 - 10% of the rents collected), repair costs, additional accrued interest, minus rents collected.

Finding a good account and bookkeeper wasn't difficult and using online registered agents was way more cost effective.

It is more expensive but may not require an appraisal and can close in a couple of weeks. if I can wait then I use the most competitive rehab. lender after obtaining multiple quotes. 

You can list properties all over town but if not many are selling and just become withdrawn or expired those marketing costs can eat a new agent alive.

You’re absolutely right—speed is such a critical factor in securing deals, especially in a competitive market.

However, I still struggle to understand the art of estimating rehab costs.