I bet not, if you do then you will have problems. 

I would bet the house has high humidity or condensation on the windows.

Im not sure if its not reasonable to pump out 1k net in cash flow in a multi family in Paterson or union or best bet to invest out of state.

Any trustworthy contractors that you have working experience with?  

It immediately shows you’re a trustworthy local instead of some shady outsider.

A drink or two later the egos came out and before I knew it a $100 bet was on the table that I couldn't build a house and move in within 18 months. 

I'm not arguing that the Cash Buyer doesn't deserve the lion's share of the deal, but I love being in a position to get much healthier Wholesale Fees for my  Wholesale partners.You can bet for the guy that just whacked up that $45K assignment with us this afternoon-it's going to be a good Christmas this year!!

Sold it for $38K after renting for a year and a half.From my understanfing, 1% is the bare minimum unless you're in So Cal or NY betting on appreciation. 

What are some of my options or is waiting it out rather than spend any more money on legal the best bet ? 

And I went just above your net worth goal.Given that you have a pretty good head start, I'd bet just about anything you can double your numbers and thats probably where you are going to end up when you're 45.....