Or you could always utilize private money.The biggest point to take home is to ensure you do your due-diligence, ensure that the numbers work with utilizing a hard money lender as they typically or more-so for short-term purposes because of their higher interests, short-term loans, and other fees/expenses.Good luck

Typical returns are 5-6% plus any capital gains upon exit with a 5-7 year hold period.

Houses there typically go for around 100k (I would say highest I really seen) in that area.

The case will put the kibosh to a great many “IRA Stuffing” schemes – of which I have seen a myriad.Basic DescriptionThe transactions in this case were pretty typical for a lot of what we’ve seen in Tax Court cases – and the Tax Court was clearly sick & tired of dealing with it.

Typically you want to see the rent be 1% of the value, so you would need to be around $4300 to make since for a rental.

I am thrilled for you and a little jealous as well. 

The high property taxes in Bayonne (typically in excess of 1k/month for multis) already make it very difficult to find positive cash flowing properties on the market.

These surfaces are typically scraped but you could also replace them based on cost estimates. 

@Arturo Borges, I was recently at a presentation by a good sized local developer here in Memphis and he said they are typically selling homes at 4.5x the land cost (does not take into account custom builds or higher-end homes). 

@Angie Brooks is correct, typically you would start with an LOI.