The yard is very large and it's going to take a lot of time and money.  

If neither of you have a lot of experience in the large multi-family market, please reach out to me or to someone that does so we can guide you.Gary

Jen Anderson , in regards to the property, NJ is a very large state so saying it is 35 mins away does not give a good idea of where it is and there are some developers that only focus on a specific county or even town.

In the areas I invest in , there are significantly fewer investors compared to the large cities even when you figure out the number of good candidate properties that come on the market.

We have an initial package that we put together that contains the property details, comps, repair costs and then has a summary with purchase price, ARV, repair costs, shows holding time, holding costs, buy and sell fees etc.Every HML will have their own application that they want you to complete with their own format of PFS.  

3-unit in Cook County, garbage/recycle $58.61 a month for the smallest containers.

They are very informative, and contain ample information on investing in real estate.

I currently use a large bank, but they tend to frown away from lending on investment properties under 1 million dollars.  

The best way to handle such  a large volume of outgoing phone calls would be to hire a VA (or multiple) that specializes in real estate.

Repeat until you've wrapped up your first deal and there you go you have the base knowledge to keep repeating the process and adding to your knowledge along the way.