Thanks Ben Leybovich.The down came to 19860, after some prorating. so out of 125000 purchase the down percentage was 15.8%But I love the challenge of finding one better than this for my next deal!

Although I think buying at auction and rehabbing is dramatic within itself, of course it has to be amplified to keep people engaged.

If anyone tells you they have never made mistakes or had challenges to overcome they are lying.

As it seems clear you will be using financing your short time frame to move into an apartment building via 1031 exchange seems aggressive Trading in depreciated assets can be a challenging task, I am sure you can find much more information on 1031's within the site.

What are the challenges a.k.a opportunities for innovative solutions, that you've found thus far in the NJ territory?

This wastes my time and there are many others that I borrow from.We engage one lender at a time instead of competing them against each other.

You can accept their offer, or you can engage your own appraiser who may come up with a higher valuation.

I've bought a couple dozen, but it is just like buying on the courthouse steps, along with all of the challenges and all of the same risks.

By trying to engage a new PM from out-of-state, you will again be putting your investment in the hands of a party who isn't being paid to put your interests first.

It's more challenging in recent years with much stricter regs on seller financing.