What made you interested in investing in this type of deal?

I would love to partner with someone on this deal, but in the event that I can't, is there such thing as an assignment fee for finding a great investment property and turning it over to someone? 

This becomes a normal LTR deal then, and you lose the advantage of STR (2-3X monthly income for you).

However, I identified a deal in the southern part of Bloomfield (near Watsessing NJ transit station) I am interested in and do not know that area as well.

@Gladys Cepeda It is always a tough situation dealing with an unprofessional HOA board. 

Feels like no deal at the moment.

Perhaps they would entertain it as part of the deal as a cashflowing rental for them?

From there you'll need to determine Debt Service (if it's a financed deal) and Capital Expenses, to then calculate Cash Flow.The Cash-on-Cash Return (CoCR) will just be Cash Flow divided by the All-In Investment (Purchase Price + Renovations + Closing Costs + Wholesale Fee).If you're wholesaling these deals, I recommend you aim to offer your buyers a Cash Flow of no less than $250/mo and a CoCR of 10% or higher.

Also depends on if you will ever want/need a roommate, one advantage of a 2bd is obviously if you are ever in pinch you can rent the 2nd bd, but if your pretty confident that’s not something you’ll do, I’d lean newer 1bd, not to mention that’s where the best deals are right now.

Most of the time, it's not one big thing that cancels the deal.