Well this is exciting.There are many things here OP needs to be concerned with.  

A newbie to real-estate investing, but have been lurking on the site for too long. A lot of nuggets here truly thankful.I am looking at rental property in Summit-NJ, Maplewood-NJ or Morristown-NJ. Primary reasons for ...

STVR occupants are typically gone most of the days during stay.I was asking what was being offered to OP, since most deals have their own intricacies   

@Maya Torres Currently in the process of selling my co-op (live-in flip) in Queens, NY to move into a two family home on Long Island.

In which case, if he hasn't notified his insurance company and then reports it and they are asked to investigate and/or defend him against a possible suit, he could jeopardize his entire claim to be denied for coverage as he would have failed to report the loss in a "timely" fashion, and also muddying the waters by offering money (which they would NOT want you to do, as a lot of people take that as an admission of guilt, even if that is NOT the case).It is a tight rope and while we all want to be humanitarian and sympathetic, our society has not made it easy; especially with a large proliferation of people oftentimes simply suing just to sue...that's just my .02.Regardless, I hope this can be reasonablly resolved for the OP (with little to -0- out-of-pocket on his behalf).

@Christina Linn I thought the OP was impressive, but to add a loan in there is nothing short of a miracle.

The OP may provide more info making a “best answer” obsolete/inaccurate. 

The OP said “units”, so it doesn’t sound like this is a house.

For something small like the OP is discussing, I'd expect sidewalks, ADA ramps, dedicating a radiused portion of the property at the corner, and undergrounding power lines.

Originally posted by @Daniel Mears:Sounds like the op is actually schizophrenic and just doesn’t know it lol I’m curious what you were hoping to achieve with this post?