In order for it to be a good buy you want total rent for both to cover the mortgage PLUS vacancy (8%), CapX (10%), repairs (5%), and management fees (10%) (all percentages are just general, you can tweak as needed). 

Complete title report is the best bet or like Chris mentioned have the foreclosure lawyer share that info with you which so far I have no luck with in Nj.

My cousin is a midlevel manager for one of the larger institutional players and consults large big companies - he lost a beer to me in a bet as he did not believe it could be done!

When I was doing rehabs to rent, I'd calculate monthly rent equals 1% of total cost.

I would totally pass it to the borrower.

On my first flip, I got 4 cards with a total of 20K in credit.

Especially interested around the Fred Martin Elementary school area, there is a big factory looking building behind it, large block, seems totally empty?

I would think you should be paying around $250 to $400 per square for roofing in the Midwest ($3,000 to $5,000 total).So I would ask why is the roofing bid so high? 

Both are totally paid off and Im looking to do a simultaneous like kind exchange for a property in a ski town in Colorado.  

He mentioned to me that when getting the 2 - unit the total mortgage payment cannot exceed more than 20% of what my current rent is as I am renting an apartment.