That doesn't mean there is no value in buying a boot camp.My underlying question is, what's really the value of me paying? 

I want to save up and buy my first property but idk what the best way to save that money is.

What you do after you buy the house and which room or area you occupy is your decision at that time.If you mention to the Bank/lender that you plan on living in the basement for example or an ADU they can deny the loan.

We’d like to buy their property from them, but cannot reach them.

If I were to buy a somewhat distressed home, obviously renovations would add to that.

Ali,When planning to buy in NJ the biggest thing I would tell you is to plan/research for the closing costs.

As I build my revenue I plan on expanding to buy and hold deals, so I need something flexible.

If I were to buy it, would I have to apply for the license with the city, or is the license for the property and not the owner?

There are many myths in real estate real estate and I want to debunk one right now.Many real estate professionals tell clients not to buy a mobile/manufactured home because they do not go up in value, this is a lie.

Too many people buy a mop and bucket and then call themselves cleaners.