Before you know it that specific property you have in mind will come up that you can discuss in greater detail. 

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.

Or is this lender specific?

What I've found is there are particular niches of interest to me that make it easier to focus on a plan of action.

Elbert Dockery when you say west side, is there a specific area?

Now there are obviously many other ways to find deals and if you want a more detailed approach feel free to PM me and I will give you a more specific ideas based on your more detailed picture of what you want to do. 

Based on these lessons decide on one niche and attack it and get a property.

Check with your closing attorney for specifics to make sure they know what to do. 

Can you give more details or be more specific on what information your trying to find.    

While I cannot give you a specific figure, I would definitely make sure I had at least a few thousand dollars.