Alternatively, they have insulation covers for the water.

13 trucks of hauling.

The major Hwy with truck noise isn't your only problem.There is a huge railroad yard on the other side of the Hwy and the noise at night must be enormous when combined with the Hwy.Combine that with being on the market for 6 months and dramatic price drops and you have got a perfect storm of trouble.People and their agents are waiting you out hoping you're going to drop the price down closer to $300k before they start offering a price you might accept.I'm really sorry and hope you get this sold soon.

You become the investor that cried wolf and no one will want to work with you.Let me offer up an alternative.  

I can fix your truck, your heavy equipment or you home but not your computer.

Taking into account your risk tolerance, return expectations, alternative investment opportunities, etc your CAP will very.

Alternatively, the rule can be your absolute, minimum, never to be violated threshold.Screens are not perfect and you will miss out on that unique property that really really only has 30% expenses (believe it when I see it :) but then that's just life.Oren

Also, do you know of any other alternatives to the FHA 203k with the big banks here in NJ?

I usually enjoy working with my hands as a good alternative to the day job. 

Plus, unless you are living in your parents basement the alternative is paying rent to someone else who is cash flowing (maybe) on you.