This may involve hiring licensed contractors and obtaining necessary permits2.Address structural integrity, electrical systems, plumbing, and potential water damage from firefighting efforts.Insurance Considerations: A history of fire damage can affect insurability and may lead to higher insurance premiums.

My 2 main interests in real estate are flipping and short term vacation rentals.

If you are looking for immediate cashflow, I'd encourage you to explore short term rental or mid term rental investing.

My trouble has often been my short attention span and SOS (shiny object syndrome). 

This confluence of factors has created a perfect storm, leading to the increased foreclosure rates witnessed in the market.Opportunities Amidst ChallengesWhile the rise in foreclosures spells trouble for many in the CRE market, it also opens doors to unique opportunities for savvy investors and developers.

Aside from the traditional long-term rental, the borrower could opt for a short-term rental income strategy instead, in order to generate higher cash flow in a peak period and then sell the property before the 12-month loan term expires.

That number is not realistic.To refinance the property and get cash out it needs to be completed as in everything done and inhabitable, unless you do a short term expensive hard money loan and then refinance later and pay the costs twice. 

Hello everyone, Looking to team up with realtos/flippers/whole sellers in Central/Northern NJ area working on foreclosure/short sell properties.

I am hoping to grow my portfolio in the next few years so my retirement from the Navy can lead to my full time REI adventures. 

The front entry is through 2 locked doors, first door is a buzz/key entry and the second door leading to the upper units is a buzz/key entry as well.Can someone recommend a sturdier product while maintaining the same locked/buzz in secure entry?