This project was funded through assistance from a local hard money company that has been funding How did you add value to the deal?

You’re on the money with PITI and market rents are about 1500.

I am wondering if it is a good idea to invest in one of these foreclosed homes or old single families. the prices there are actually extremely cheap compared to where I live in new jersey. my overall plan is to own multiple rental properties. 

Laws and deadlines are very specific and missing something will end up costing your time and money.

Upon closing, that money becomes the seller's and in the case of seller financing is used like a down payment, or in the case of bank financing, used to decrease the sale price (and it is the buyer's responsibility to have saved whatever down payment the bank wants at this price). 4.

They are fishing.The next door neighbor of one of my houses put my house as a listing and booked it to a couple from out of town for a couple of nights.The perp found out when it was available, didn't book and found a party to give them money "on the side" to "save the fees" and booked it to them without me knowing.

You lived in it for at least 2 out of the 5 years prior to selling (you actually lived in it for 3 years )3.

Thats a loooooot of money 

Working - why - because that is where money is made...2.

No It actually came up for sale right next door to where I was living.