To be honest with you, there are a bunch a ways to construct a deal as long a all parties involved have their interest and terms expressed legally, and that they all agree. 

How do you know they would not pass your criteria other than there outward expressions to you?

@Jeffrey Hotz I am looking to invest myself at some point but currently I just have clients that have expressed interest in investment properties.

The over the counter (or left over liens) are usually found on Lien Express and the monthly tax deeds are found on a different site.

If you then spend an average of $350 per month on all your expenses, your NOI is $400 per month (though generally NOI is expressed in yearly terms so your NOI would be $400 x 12 = $4800).The general rule of thumb is that expenses will total between 40-60% of income, depending on a lot of factors.

I am responding here to a couple of other posts that were made so everyone can get this information (I am posting a reply to the others who have expressed questions about this course).There are details at this website about the Inverse Purchase and the two levels that one can enter the program.

Expenses are paid for out of my primary bank account or with my American Express card.

You will likely find organizations that have experience in Jersey City/Newark and reach out to them to express interest in getting involved.  

@Jay Hinrichs' point can't be expressed loudly enough.Sure, some potential buyers' are hurt by bad ARV and repair numbers, but it's the poor sellers who really suffer.  

Deborah Burian My use of the expression "Vapour barrier on the warm side" is a truism here in the North where it occurs on the conditioned side of the wall.