The building I’m evaluating has a certificate of inspection from the state of NJ (green card) which says it has 4 units.

I'd like to see if I can make some income while subdividing the lot and obtaining permits.

Obtaining that is the first step.

It's a good read and very informative, but I'd like to systematize this information to more efficiently analyze properties and obtain rehab estimates.

Full access and occupancy of property full charge of day-to-day operations including all revenue generated fully responsible for all expenses and maintenance of property Allowed two inspections a year to ensure proper maintenance and operation of property All improvements will be funded by buyer and 100% of net profit Buyer to obtain permanent financing within 24 months Deposits and 50% of interest as down payment If permanent financing not obtained by buyer, all deposits, interest and improvements are non-refundable

Thinking about obtaining a Real Estate license in Arizona but I am active duty out of San Diego.

Most macro-economic data are published by the U.S. and the various state and city governments and are free to obtain.

I have seen this time and again where the wife obtains a loan to buy out the husband and then something comes along, loss of juob, illness or what ever that is not totally devistating but just put's them behind in payments and ultimately loses the house anyway.

I have a few more details on the deal under my post - "Apartment REO analysis" - if interestedMy thought is that 5 years is more than enough to fix this thing up, get occupancy up and get my "p's and q's" in order to get conventional financing.I don't think rates will be going up anytime soon, but the next 5 years is hard to predict.Given a couple years to get things in order 1) What exactly should I do from the very beginning of ownership to position myself the best to get financing and 2) what kind of permanent financing options would be available to me and what are my chances of obtaining such financing.

I think you wil find that your goal can and will be obtained more rapidly with a commitment to engage and learn here on BP.