Sounds great.  

Eliza,Here is what this sounds like to me:"I've got a business that doesn't throw enough cash for me to do what I want to do.

This sounds appealing because I want to have at least 10 properties soon. 

I want to stick to the 2X deposit, but wasn't sure if many have had success with that in lower income areas... like many things, sounds like there's diversity in practice.

Sounds like a scam - and very, very similar to ones common on Craigslist.

Yale Drive, to sound like a broken record, has some good and some bad, usually not too bad though.

Don't be surprised if you call 200 banks...that's not an exaggeration.Investor Networks - it certainly sounds like a "mentor" might be needed in your furture.  

One house was listed at $179k, the price dropped and after I produced a $30k issue I was able to get it for $110k.One house they had a current appraisal (I didn't agree with it) at $160k and I offered $91,500.The only other low offer was one they listed at $115k, I offered in the $40ks and have since bumped up to $60k but they sold it elsewhere (sounds like it went for around $70k).You run a risk of looking like what you fear, but what could it possibly hurt to try?

HOWEVER....not every bank offers this type of a loan (I know, it sounds strange that a bank may not offer a cash out loan on an investment property but it is true).  

Sounds to me like your first move should be to sell your NJ rental and invest the proceeds somewhere more profitable.