Awesome strategy @Priscilla.

And it is likely a strategy I can follow.

If you have any questions on the calculations or a strategy, please ask me.

That's a loaded question but it mostly depends on your budget and your exit strategy.

That data is needed to know definitively if you will get all your money back. 

@Orlando AlbertoAll real estate investment strategies involve risk and require capital.

We just executed a lease for another 6 months, but I am ready, and have been for some time, to sell and capture the equity locked up in this property.Do any investors have advice, or alternative strategies to consider for this situation?

Alternative Investment Suggestions: Are there any alternative investment strategies you would recommend for generating cash flow in New Jersey with the capital I have available?

I'd focus on the ROI of "doing some updates" and the strategy behind this property.

Assess your ability to secure financing within the given timeframe and whether it aligns with your investment strategy.