We have $100K plus in equity in the property, and $40K cash.  

Any suggestions in North New Jersey for duplexes in an area that has good potential for equity potential & cash flow.

A successful investor's time may be worth hundreds of dollars per hour.

Good agents will always be worth it

Dustin,Thanks a lot for the response.A few things worth noting. 

Purchase price: $317,000 Cash invested: $30,000 Short term primary -> long term hold with a 3.25% interest rate.

Depending on the areas you choose you can have fantastic cash flow.

This will help when coordinating walkthroughs for cash buyers.- You've obtained X contractor estimates averaging at $X.- You've begun creating your own buyer's list to shop the deal around.Most folks will just want to know about the deal for themselves to see if they'd buy it but if you speak with enough people, you may find someone interested in mentoring/partnering.All the best!

I've got some cash saved up but no where near enough to cut it. 

It seems like a great way to get near unbeatable cash on cash returns.I am seeing $60-70k 3 bedroom houses that would rent for maybe $600-700 to a regular tenant but section 8 HUD FMR pays $1100 so they are cash flowing $500/month.