Depends on your credit score and debt to income ratio etc .If it us full doc and it is a primary residence sounds a little high . if it is an investment sounds pretty solid .

For all the people out there that are happy about the NAR Settlement, that are happy about "sticking it" to the RE Agent, claiming that RE Agents make too much money, don't provide good service/advice, that they don't have to pay high commissions any more, and that they can fill out "paperwork" and sell a house themselves...are the embodiment of ignorance and inexperience. 

The illiquid nature of real estate investing means a slow sale at high cost.

I live in NJ so housing prices are fairly high.

Needs complete rehab ceiling is showing mold in living room and room kitchen cabinets has to be more updated flooring needs redone painting outside and in bathroom needs to be updated the property value is estimated 401k highest 437,090 rent in area I seen 2600 lowest highest being 2750 a contractor roughly estimated told me I’m looking at 134kIf it makes sense ofc I would love to hold and LTR  the sqft is 1214 I see same houses sold ending of last year for high as 450 that was smaller 1,140 sf 

Get a high lease price or profit sharing, due to the extra wear and tear.Make sure they are licensed and insured and local.Get a personal guarantee outside of their LLC name.

I highly recommend 24 hour closing.

Thanks in advance This is a very highly revionalized question.

I got some cash in hand which i can either put in a high yield savings account or use to pay my current mortgage and then cash out when i buy the next home. 

I can share what I think is the recipe for success to select an investment that delivers high ROI.