However deals are skinny with our property taxes so high.

I know up in Keansburg, the insurance agency i was working with was sure to give me the skinny on FEMA flood mapping for the city areas.

It's very skinny: I see about $20K in net profit.

You may have to tread lightly.Here is the skinny:1.

.$500k/$780k = 64% Purchase to ARV ratio is not that great for these lower end sub $100k ARV homes. because you typically have 10-15% in closing costs and 10-15% in holding costs therefore just to break even you would need to buy at 80%-70% ratio and this is IF the property does not need ANY repairs and not factoring in any profit. so this deal seems too skinny of a deal.

or do you recommend an other way to start real estate with little capital/ no capital.Yep ---- forget the word "wholesaling" - it is nothing more than investing ---- just go find a deal you can CONTROL at a price under market value - use a "Skinny Contract", make full disclosures and offer the property for sale using the public auction method of marketing.

@John White i would get with a plumber familiar with the septic and possibly a city inspection codes for septic and have the guy check it out and see if its up to code during " inspection period" this way your ruffling too many feathers before you make a move but you can get the skinny on the septic system just in case the owner is with holding any info about it. 

Have something to NETWORK - talk is cheap --- go out and put something under contract - this is a business and you are the CEO - treat it like a business - no need to chase ghost ---- get something under contract -- I use a one page contract that we call the "Skinny Contract Offer" it works like a charm because it is easy to understand and it makes full disclosure - it says that my goal is to earn a reasonable profit by assignment or marketing by private treaty or public auction. 

I'd get connected with your local REIA and get the skinny on the core areas and the boundaries. 

They can also give you the skinny on how much coverage you need etc.