Make sure you follow local codes as far as Resale CO.Have a good lawyerHe can say "as is" till he is blue in the face.If he is taking a mortgage the house will be inspected

Once in a blue moon you get a price so good you aren't concerned about what's going on the inside.

Very close to metro (yellow and blue line). 

I read that Amazon employees are something like 55% mass transit users so the best access would be along the DC metro blue and yellow lines.   

At the end of those podcast they ask the person being interview for book recommendations, there is also a post on here somewhere that list all the books mentioned in each podcast.Then when you have a grasp of the type of investing you would like to do buy those books and listen to those podcast.With that being said some of my favorite are: The first is more general the others are Multifamily (can you guess what I picked after going through the podcast)Blue Ocean opportunities by Medawar Wheel Barrow of Profits By Gino BarbaroHow to create lifetime cash flow through MF properties by Rod Khleif (he ask for your email in exchange for the book).....Buying and Selling Apartment Buildings By Berges

@Trevor Deeter - learn to walk before you run, learn to float in the water before you jump into the ocean.. 

Vacancy rate: I've bought in blue collar area called international city, which has the lowest vacancy rates in the country.

What part of NJ are you from, I invest in Ocean county but look in the neighboring counties as well.Your first post here is only the beginning.

So it's going to be another few years until there is a surplus of "blue-color" homes that investors can buy and rehab, due to them having deferred maintenance.

You don't have the natural habitat views here like the oceans, mountains, etc. that you would have in California or Colorado.