Hi BP, Anyone have experience in dealing with Ridgefield Park Planning board?

I know others have had success with arbitrage but it's not a strategy that I plan to focus on 

As a side not we planned to use a line of credit from the same lender as the down payment. 

Since you are not obtaining the report through a reputable source of your own, you will have to spend extra time verifying it is legitimate.2.

Quote from @Shawn Sopic: When you bought it, it didn't have A/C, so I suspect other buyers will do the same.Installing A/C may not provide a dollar-for-dollar return, but it can make the home more attractive to buyers and enable you to sell it faster.If you spend $10,000 to install the A/C, you can expect it to increase the sales price $5,000 or less.

Within the next week, I had a plan to expand out of state.

We spoke to each tenant and gave them a letter explaining our potential plans. 

If you want to start sooner instruct your broker that you only want to spend the $450K and to stick with your budget.

The city gave me 3 options: 1) return the unit to a garage, 2) get an architect or draftsman to draw up the building plans and then pull permits, or 3) get a structural engineer to "stamp" it and say that it's up to code.

Looking to invest in and out of state.Outside of real estate, I enjoy listening to audiobooks, spending time with family, building health care organizations and caring for people in my community.Excited to learn and connect with you all!