Waiting for the tenant to move in is the best bet

Additionally, I saw you didn't have anything on there for CapX, is that because you plan to fix everything with your $15k repair budget?

I bet my freezer has about $30 of food at any one time.

My question is, do I need flood insurance in addition to my normal home insurance?  

I'm trying to get a solid number so I can account for the additional insurance on my analysis.

No additional penalty fee will be required.Tenant Requested:The Tenant will provide written and proper notice as stated above. 0-3 Months: There is a penalty fee of one (1) month’s rent.3-6 Months: There is a penalty fee of two (2) month’s rent.6-9 Months: There is a penalty fee of four (4) month’s rent.

This is in addition to the search e-mail agents in Northern NJ which are almost always coming with price change on lower side.

Make sure your numbers are accurate as during the rehab it can hurt you and become a big lost if you don't have the right numbers. your best bet is to partner up with some experience as the first deal can make or break you.

likely wont be allowed to  re use  appraisal ...your best bet to have a chance doing this will be to  work with same lender that just completed the  refinance …...in general  appraisals are  valid for 120 days

You should be rockin' the passive income.I never recommend building because, when the economy changed overnight in 2008, builders were the first to go and have still not come back in force.I never buy land - it's betting on the future.