@Mike Becher  Any lender whether it be private or other is going to want to know their investment is safe and the property is worth enough in case of default. 

If the property is not safe enough for a buyer then it isn't safe enough for a renter either.IMO your ethical choices are to sell as-is (at a discount, probably to another investor) or pull together more funding and complete the renovation.

Keep safe and healthy, and see you around the site!

Make sure it's been roughly a year or longer since your last purchase or refi, just to be safe. 

If you structure a cushion in your deal such as a 36 month lease with the seller and a 12-18 month lease with the buyer, there's plenty of room to be safe.

I think it's safe to say that the renter profile for MF than it is for SF.

With that sim my view is to find some safe lower return investment option and sleep well knowing that the investment is not going to decline significantly. good luck

Is this a safe position to pursue a deal?

Thank you guys for the feedback,At this point I have 15k of my own money without safe fund (will be saving for a half year of bills)I found a few homes in Paterson and Newark New Jersey area is not that great but close to Nyc so rents are still pretty highOne was a 3 family for 100k but needs work I would say over 40k.The other is 140k 3 family as well needs very little work from what I can see.I don't plan to live in them since I still live with my parents so I only pay 300 in rent and I make about 40k a year I do have students loans loans of 13k that I could finish paying within 4-5 months Please let me know any more feedback

Is our market suited for an Air BnB or can it be supported or would LTR be more safe?