That $1550 seems right for water, but $2k seems low for heat.

Make sure you get a deposit from the buyer before going under contract because if you go off of the buyer's word and the buyer backs out of the deal, then you WILL lose your earnest money from HUD, I lost my earnest twice because I couldn't find a buyer.3) No it is not necessary to have the electricity/water/heat/etc on, it's the buyer responsibility to do their own due diligence.

Does it have 2 furnaces & 2 water heaters?

If I do not find a mentor then I will just keep reading on BP, after I read the book of coarse.After reading I will definitely jump into the water with both feet.

My current improvement plan is: new roof - its really old and several shigles are gone new flooring throughout - currently concrete new paint in and out - 50% brick/siding ext repair siding on chimney - has rotted away due to water damage new water heater new AC/Furnace repair sheetrock water damage from plumbing leak replace kitchen appliances landscaping replace garage door - wood rotoptional items would include: replacing various fixtures - which ones?

True, you can lead a horse to water but you can't make him pull the trigger on a deal but most RE training has no stated learning objectives, no real student tracking and no way to measure long-term success.

You CAN transfer title with back taxes owed by using a Quit Claim Deed.I have purchased several houses from banks that had taxes due (also water bills and other fees) and the bank gave me a quit claim deed.

I would think utilities and water alone could easily amount to $1,000 in 6 mths, and taxes are generally high in NJ, correct?

What makes my mouth water is I have run comps and I am seeing that even on the low end ($120 per sq. ft) this place is comping out at $250k very conservatively!

If the damage the house-- whether it's 1 person there or 7--, you have a security deposit to make the needed repairs due to damage they cause.I would at least want all persons over 18 screened and on the lease, whether they move in now or later.