Ann Bellamy I have worked with enough different types over the years that I know there are many people that say they want to learn, work or whatever, and they never step up and take responsibility for their part of the equation and expect everyone else to carry them.

Thanks Jon Holdman- In my research I have found that solar packages and green building equates to a 7% premium on a property and usually sells faster.

If you cleared $5k I would be surprised and there is no way in hizell I am investing over $100k to make $5k.On a buy and hold, your gross rents of stated $1100 at best equates to $660 left over based on a 40% operating cost ratio (which is more of a better case scenario).

Their Equator system is only as good as the unresponsive employees that sit behind the monitor.

Which equates to a short sale but without all the risk.

You'll be wasting your time if you talk to people that don't have 30-40% equity; even if they're motivated, they can't negotiate below what they owe...Think about the wants & needs of the people on both sides of the equation and understand how you can put them together for profit!

I'm not an attorney, but I know of no laws that would prohibit you from either buying a property or selling a property in NJ, so my guess is that there is nothing illegal about it.Now, if you're trying to using the proceeds from the second closing to fund the first closing, that changes the equation and you may find that closing agents won't do these types of transactions...though I don't know anything about the legality.

My calculator is showing annual pre-tax cash flow at $5,643 which equates to an ROI of ~16% pre-tax.

Your best bet is to find a deal where the total acquisition costs (including any deferred maintenance) are an amount that will equate to a positive cash flow return.

@Jacob Allen I figure that the contractor is a huge piece of the equation.