In order for us to accurately answer/direct you to a loan product will require more information. 

I would also replace the old sewer lateral out to the street, which is made from clay tile.

I made a neighborhood graded map that outlines where I like to invest.

If you have made a reasonable effort to address anything that may cause mold you're fine. 

Thank you Ko,the seller was mad that bank appraisal came in low and ordered another one.

So, I made a short video with a brief explanation.

Typically, getting into the 5-unit range can get overwhelming for people and take up too much of their time if they're focused on scaling.Real estate bookkeeping is very balance sheet heavy and that's where the mistakes are made if you're managing the books yourself.

My goal is start an LLC in NJ, since this where we will make our first purchase and get approved for a line of credit from several banks in order to invest in a rehab.  

Those of you that are reading this that never post, the point being made is “know the laws of the jurisdiction you want to chase pre-foreclosures in”.

Purchase price: $85,000 Cash invested: $31,000 Property needed alot of work, this property is a 2 unit house, What made you interested in investing in this type of deal?