A great time is worth every penny.

Look at some YouTube videos by Anderson Business Advisors.I am not an attorney, CPA, only a long-time investor. 

Speed of Financing: Time is crucial in fix and flips, and traditional loans (like bank loans) can be too slow.

@Daria B.The maximum allowable non-judicial foreclosure fee for Fannie Mae in Alabama is $1,900, as of January 1, 2023.Again does not include filing costs etc but assume $3,000We have foreclosed multiple times in Alabama - it’s an easy state to foreclose in.

Then you need to find a amazing real estate agent and property manager.

In the beginning you will spend more time learning how it works, but at the end if you are accumulating rentals, I wouldnt expect to spend more than 5 hrs a month.

Hey @Lily Wang over time, you will learn all the little things that are going to increase your mtrs.

@Kris Maiato I have managed roughly 20 homes in the area and do have some advice.

Some times a tenant is willing to pay for changes. 

@Ashley Guerra - I live and invest outside of Philadelphia, so I can't comment on your specific markets in central and south Jersey, but can provide my perspective on things to think about to help your decision.1) I would consider speaking to 3-5 people/investors in each market you are considering (central and south Jersey) to listen to their thoughts on pros/cons of the area and how they invest.