Check state law because some states require you give them additional time. 

I bought one courthouse step deal in Philly and that was quite the ride.. its a locals market for SURE..

Is the market oversaturated now?

The first month was an intro letter and every month after that will be a Market Brief, which I've attached here.

BP, I’m looking at an 8-unit deal in the Northeast that was historically a non-profit co-op with tenants already in place at substantially below market rents.

Depending on the age of the house (majority of NJ homes are older), you should consider additional inspections on top of the general home inspection.

That's a good example of a 'healthy' mortgage market albeit fairly astonishing that banks would consider the revenue data accurate and consistent enough to lend on.

The market rent needs to be around $1,800 per side and no more than 2k a month (depending of finshes) I'm having a hard time getting someone to nail down a price on construction cost.

I live in a cheaper market with a lot of sub-75k properties.

And you'd be spending an additional $10k on lawyers to simply lose the case.The only way people successfully prove willful misrepresentation is if you happen to come across a contractor they called and gave them a quote to fix it, and they didn't and didn't disclose.