@Charlie Hampton It definitely is tough to BRRR in South Jersey...  

But it sounds like there's definitely a ton of potential for the area. 

@Brian Holt  Yes your loan officer will definitely appreciate that you came prepared!

You and this tenant have definitely started off wrong and functioned poorly for 3 years.Get your own tenant and reclaim your profits.Then see if there is a Landlord Association in your area that you can join and start attending local meetings to get local support and information.We want to see you successful!

I will definitely circle back with you if/when I have specific questions on pricing!! 

I do not want to tie up all my money in the investment, so I will definitely be getting a mortgage on it, but I want to get the benefits of being a cash buyer.Thanks!

I'm happy doing calls to anyone on the ground, but not sure what's the appropriate cadence for someone out of state.I'm actually flying to meet with various individuals to hopefully create a team - would definitely like to create a long term relationship, as I may also potentially move to that location eventually.Appreciate these good questions...they have me thinking!

Your best bet for selling is definitely with it being listed in the local mls.  

This definitely gives me more confidence to pursue the safer option right now--at least to start out and get my feet wet first before taking something bigger with more risks. 

Having a lender finance the reno would be ideal, will definitely look into this, thanks.