It's better know as the cash flow accelerator, good way to build some bigger cash reserves before getting into Buy and Hold.

I'd like to buy as many as I can without putting myself in a bind as far as cash reserves.

Are you buying a job or an investment.What's your financial situation, do you have reserve money emergenciesCan you mange, increase rentsHow much will the owner financing, do you need financing

In addition they rarely lower their reserve price which is almost always too high.

Confirm that~

s...the confirmation by the court is for the equal distribution to the beneficiaries not whether the sale should go ahead or not.since its a fix and flip, there is no rental income.......i would suggest speaking to your lawyer as to how well protected are you by the articles of agreementIf you were to go ahead, fix it then hold it to earn rental income while waiting for title(specific performance)?

You'll have to cover closing costs, plus have operating reserves in place at closing.  

Try to have written contracts even with those you love and trust, exit strategies, reserves, and insurance to kind of protect yourself.  1.

lolAs an example, the federal banking regulators, including the OCC, last issued a big written warning about CRE concentrations in December 12, 2006, when the most commonly referred-to guidance regarding CRE concentrations was written:https://www.fdic.gov/news/news/financial/2006/fil0...By then, it was too late to turn back...The only reason I would know that this announcement is not even MORE later than it should be, is if all 3 federal regulators - OCC, FDIC, & Federal Reserve - had agreed.

Not sure what resources Weehawken has available online, but you may want to reach out to the zoning department or building department to confirm that status and to see if there's any additional info you can dig up -- such as any permits that have been filed in the past.I live in Downtown JC, and I'm assuming you do as well if you're paying $2,500/mo. for a 1-BR...