I'm actually looking more toward central/south jersey and I currently work near cranbury NJ.

I think this is why they wanted to attach the licensing requirement to these kinds of deals - to give them the broad leeway they want in saying what people can or cant do without having to write 4,000 laws.I don't know that this law as it's currently written will withstand the suits that are sure to come from investors asserting that the marketing of a contractual position to buy a property is not captured by the wholesaling definition (and I don't think that it is).

An engineer can help ensure that the conversion meets all current building codes and safety standards for residential living spaces.4. 

A book that is 5 years old may not reflect the current mortgage rate or inflated home price market.

Currently, the property is vacant.

Zillow says it may go for $289k +/-My current tenants are using it for business and pay $2,250 a month.

Our town just did a revaluation and got close to 100% but the market constantly changes and prices continue to trend upwards meaning the 100% valuation is likely already not accurate.

The house currently rents for $1450/month, we have long-term tenants, and we use a management company.

Purchase price: $293,000 Cash invested: $135,000 Bought this single family house, and I am currently in the process of renovating it.

Quote from @Alex Moazeni: I agree with your current process.