., if you have enough motivation and the proper quickly learned "techniques", then extensive knowledge and experience relating to the specific area of interest is not necessary for success.  

Before you know it that specific property you have in mind will come up that you can discuss in greater detail. 

Jen Anderson , in regards to the property, NJ is a very large state so saying it is 35 mins away does not give a good idea of where it is and there are some developers that only focus on a specific county or even town.

Or is this lender specific?

Elbert Dockery when you say west side, is there a specific area?

Now there are obviously many other ways to find deals and if you want a more detailed approach feel free to PM me and I will give you a more specific ideas based on your more detailed picture of what you want to do. 

Check with your closing attorney for specifics to make sure they know what to do. 

Can you give more details or be more specific on what information your trying to find.    

While I cannot give you a specific figure, I would definitely make sure I had at least a few thousand dollars.

It is a one way transaction into that specific account.