I am not sure if he does projects that small but he may. 

How confident are you with your own project numbers, including expensive surprises? 

If you go scrape and build, can you be all into the project for under 75% of that value? 

It's a great market for flippers; selling for a premium is easy, the trick is to get your hands on a good project house.

Otherwise it is a lot of risk and effort for not much upside.If you decide to proceed with your plan look at the cash flow projections with a lot of prudence. 

If my offer is accepted we will do the rehab and market the house for rent starting at $750, no smoking, no pets( if renter insist on having a dog I will add $25 on top of base rent and a non-refundable pet deposit of $250)tenant pays all utilities and does yard maintenance.So, as of now I’m projected to net at $266.

I am looking for referrals for 203 k contractors in NJ for a project in Morris County NJ.

Mortgage it subject to bank limits and payoff duration limits, and use that full loan amount (loan principal is free of income taxes) to do another project.

Typically when I get done with a project they perform much higher due to my added income. 

Many are new to investing so a flat out partnership is not that attractive to me with any 1 of them as I don't really need the money to fund simple deals.However, I am considering amping up my investing and buying a larger project or several at one time.