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).

Depending on hte rental income, you potentially could do this as DSCR is based on the rental income.

My advice would differ based on the answer to that.

I started leasing to her about 9 years ago and the rent rate is way underpriced based on the market.