At 42, you have a comfortable timeline of 15-20 years to take advantage of significant capital appreciation right here in the Southern California Market while maintaining positive cash flow as you build your portfolio.You may want to reference the blog on my profile page that details a first hand account of getting started in multi-family and where that can lead. 

I'm not positive how much an investor would be willing to pay in Woodbury, NJ for a rental (and should probably hammer this down more), but I found the house to be just break even (after 5k in taxes, vacancy, repairs , etc.) at a $60,000 purchase price and assumed $1,100 for rent. 

.$0 in repair costs is a stretch- especially if you plan to increase rents...you'll need to justify the higher rent and that typically means improving the condition of the property = $$Your upfront equity position isn't great, but it looks like you'll start with a bit of equity...and if you decide to improve condition you can force the value as your NOI increasesBoilers are find if they are modern...looks like yours was replaced in 2017- definite positive5.3% on the loan doesn't look too bad...your DSCR is 1.15 ...most lenders will require this to be 1.2++ Vacancy is relative to your local market...not sure 5% is the right number to use or not...I look at CapEx different for year 1 and consider it an up-front out-of-pocket expense...but it looks like your units are in good condition so 5% may be right...maybe high...Water and sewer (and other utilities) seems low to me, but it's specific to the area...and maybe just for common areas?...

In your position the obvious decision would be to sell it as is and avoid the issues that will come with a property of this type.

I want to file quiet title action pro se (myself). 

But as a foreigner, I can only get a loan option of 40% downpayment, 5% interest rate in 15 years, with which I can hardly find positive cash flow rental properties in Denver.

Working for money is fine but in your current position investments should take a back seat until the credit card debt is paid off in my opinion.

Ted, there are tons of people in the exact same position with you.

I’m glad you were able to see the positive and walk away with lessons learned.

I was wondering what everyones thoughts were with the positives and negatives on this kind of investments.