You cannot have both.SummaryFrankie, to achieve financial freedom, you need to evaluate investment locations based on their likely performance over the next 30+ years, not just day-one cash flow.

Maybe delayed mortgages based on completion time?

This is a very rare offering from what I can tell (based on my research), and these features in conjunction with the amenities my building offers (you name it we have it) and secured garage parking available (extra $), I am allowed to charge a premium for my rental.

Quote from @Chris Brackshaw: Thanks, I already tried State Farm, will contact Obie insurance  We are based in Michigan (and have an Ann Arbor location) and also represent Obie.

Based on your numbers, it turned out to be around at least 50k?

This info is based on DSCR and Hard money loans, not FHA, VA, or conventional.

I got it for 45 cents of a dollar, but based on my mistake I would not bid no more than 30 cents a dollar expecially in Upset sale. 

These loans are based more on the property's income potential rather than your personal financials, though your personal credit might still play a role, especially if your LLC is newer.

That way, I can see if the rehab costs make sense and if there’s a good profit based on the sales comps.

There are other neighboring towns in other parts of Essex and Hudson counties that are feasible options as well.I'm an investor and investor-agent based in Northern NJ (Bergen, Hudson, Essex, and Passaic counties).