New Jersey is not a horrible state for investing it is more so certain towns and cities that give NJ a very bad name. 

Along with getting started pre covid as well.

Construction crews leave their tools and materials on job sites with doors unlocked and theft is extremely rare.Location, location, location.

You can't actually pay it off directly because they've been securitized, and the people who invested in those securities did so because of the specific certainty of the payment schedule.What you do in a defeasance is use the proceeds of the sale or the funds from your new lender to purchase treasury bonds that are packaged to make the exact payment amounts and timings on the remaining term of the loan, and then assign those bonds to your old lender.

I probably also need to find a realtor who specializes in multifamily who can help me find a plot of land that can be used for this purpose. 

Speak with a lender now to understand your options and start building a plan.

Start with BiggerPockets Ultimate Beginners Guide (free).

Couldn't agree more.

Successfully acquiring, renovating, and selling multiple distressed properties can significantly boost your returns, but it also comes with its own set of challenges.

For example, places like Illinois and Oklahoma have specific rules requiring a real estate license for certain types of marketing.This specifically for flipping land using Transactional Funding.If you’ve done this before, what states have you found to be friendly toward this approach?