The wealth of knowledge than can be obtained is incredible and I am happy to have stumbled across BP and more importantly this NJ sub forum.A little bit about myself - I've always had an entrepreneurial spirit growing up (started a small landscaping company in HS to get me through college), however, I fell into the trap of "you need to get a good degree, then a good job, with a good company."  

Which is a very competitive market, but is also one of the fastest growing metro areas in the Midwest.

I haven't seen the inside but the outside is weathered, weeds growing, neighbors say inside is in bad shape.

I had about 30 million in credit lines for my hard money company 8 with them and they were the only ones who kept my line every other one called them.. so we were put out of business and this bank lowered it to 4 million but I was just happy to have enough to make a living when things got so bad.. so that's my long winded story.. is there potential to grow then whats 24k its a drop in the bucket in the larger picture.

This is a great place to learn and grow!

@Aaron Bruck,If you are trying to grow a business for the long term, finding a partner/ mentor would be a good idea.

You need to figure out your community, if there are a lot of growing families, 2 and 3 bed units will be more attractive.

My immediate goal is to start out with a house hack and grow from there.

The more you can learn and grow with others who are already in that type of investing, the better.  

Also, you are paying ordinary tax on commission income (1099 ) but saving capital gain tax on the commission expense.