There’s allot that is happening on his end if he is who you say he is and he is coming to you first.

Be sure to allot enough time in your plan for any DIY projects, and take the time to find a trustworthy contractor.So let’s recap: develop a vision of how you want your exterior to look, map the changes necessary to transform what you have to what you want, set a budget, figure out what you are capable of doing yourself and hire people to do the rest.

Renovation costs – one idea I've had is to borrow via 203K for the allotted $35,000 to "fast-track" the loan, and spread out costs myself over the coming 2-3 years (which is financially feasible).

Also being that I am a beginner I understand that even with a good deal I may fail to raise the money necessary to purchase a property in the allotted time.

Your expense allotments look ok, but you're only going to achieve a 6% return on this deal with all of your money in it.

I live in Elizabeth NJ and have been studying allot about real estate and wholesaling and I have some contracts I wanted to know if someone can go over for me to make sure I set up my contingencies clauses correct and what is in the contract is legal to do in the state of NJ before I start taking action and trying to get properties under contract.

The NMCRS depends almost solely on allotments paid directly from a service members paycheck or from one-time donations.

The NMCRS depends almost solely on allotments paid directly from a service members paycheck or from one-time donations.

That is the danger is you may allot 8% and end up paying double that. 

Has anyone installed meters on their water lines for each floor of their unit and then billed back the tenants for their allotted use?