What is the average cost per foot to do those items, mainly the electrical, plumbing as well as all new sheetrock. 

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With less demand, sellers may be more motivated to offload properties, especially those facing higher holding costs due to rising interest rates.Also, the election season plays a major role with what's going on. 

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This should be a simple request to your insurance agent, but feel free to include us in the email to them in case they have questions.

@chrisSeveney should have some good advice as well.if this is NJ one thing I do know your in for a long slog and fairly costly

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Would the closing costs change?

Since you're new to this, building a reliable team of professionals, an experienced agent, a lender, and a property manager→ will be crucial for long-term success.If you need assistance with financing or further guidance on scaling your portfolio, feel free to reach out.