Many buyers these days start nickel and dining the seller with what many would consider little issues.

Each unit has there own ground level garage, with a small 5' x 8' heated mud/utility room in the back of each garage, and "L" shaped stairs leading up to the main floor that has the kitchen, living, dining. 

Removed wall between the formal dining and living and walls between the living and kitchen.

That "dining" area is barely big enough for a 4 person table and that assuming that plan has everything to a perfect scale and that the renters are going to have that kind of table.

Again, this is in PRIME LOCATION and walking distance to hospitals, dining, and nightlife.

We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.

Dining room / kitchenDining room / kitchen

I am interested in a single family foreclosure home in NJ; however, the living and dining rooms do not have drywall and insulation.

First floor features living room with wood burning fireplace, formal dining room, kitchen with granite countertops, SS appliances, full bath with beautifully tiled shower, hardwood flooring and recessed lighting.

First floor features living room with wood burning fireplace, formal dining room, kitchen with granite countertops, SS appliances, full bath with beautifully tiled shower, hardwood flooring and recessed lighting.