The condition of these properties are not good at all... 1 needs to be demo basically 1 needs a full rehab 1 is a vacant lot and the other 2 are 4/10 condition.

The condition of these properties are not good at all... 1 needs to be demo basically 1 needs a full rehab 1 is a vacant lot and the other 2 are 4/10 condition.

Basically, if you can re-rent a unit for enough more monthly to cover a mortgage in the amount of the improvement then you should do it. e.g. if you can get $100+/mo in rent... that's worth spending roughly $15k in remodeling costs which will then be covered by the add'l rent.

@Selina Banda - Are you trying to understand the basics of Airbnb/short term rentals or do you have an understanding of the basics and want to know where/how to buy in your specific city?

Basically, he recommended to create site plans that illustrate the best possible use in regards to your zoning.

No court allowed me to foreclose last week.

That is basically anything under 1 million now in price and most of the time under 2 million.For commercial anything sub 2 million is very hard to find good loan terms as the properties are generally in weak suburban to rural markets and local lenders give crappy loan terms.

If anyone could give me any tips or ideas on where to find the very basic of basic information on getting into investing, building a portfolio and what i will need to start from literally nothing.

We track the foreclosure in the county's online court records system.

My understanding/impression is that most of the 15 tenants are in the 700-1500 sq ft. range with the largest space being 2200 sq. ft.The Office Submarket looks as such: Flat capital growth and lease rate growth since the recession13.7% average vacancy rate in submarket 3 star (10.9% across all level properties)Availability rate 13.9%12 month net absorption SF 227kAverage 12 month sales Cap 7.7% (across all star properties)0 new properties under construction or to be delivered in the next 12 months Average lease rates are $22-24 sq. ft (this property is about 21.5-22)Value add (seems to be a stretch but might be):Upgrading interior hallways and exterior for a broader appeal and capital appreciationOffer basic build outs to interested parties (not something the current owners do) Working against the office submarket in North NJ is a declining population.and high property taxes but the 2 star being at the bottom may be better equipped to handle stagnancy.This building is on main road with a15-17k car count a year/ does provide signage is near retail and less than a 1/5 mile off a highway exit and is close to a city center.