@John Thedford - Totally. 

Your best bet is probably small time landlords as they’ll likely be more flexible.

Monthly Income: 1100Expenses:•-Repairs/ Maintenance – 50•-Real Estate Taxes – 112.50 (1.2%)•-Insurance – 30•-Vacancy Costs – 83•-Capital Expenditures – 100•-Total Monthly Expenses: 375.83 Downpayment: 18000Loan Amount: 72000 (with 20,000 rehab money)•-30 Years @ 5% interest Closing Costs: 4000Total Initial Investment: 22000Monthly Mortgage: 386.51Cap Rate: 9.54%Monthly Cash Flow: 329.32ROI: 17.96%After evaluating this, if this property was in a better neighborhood with less crime, would I be naive to pursue this property?

I would definitely say I like to take calculated risks and that would be my best bet to take a calculated risk.

So 12 units total.

That, in addition to NJ sports betting and you may be on to something in south NJ.

Rodney Thompson We need to know what is the unpaid balance, total payoff etc on the loan.

Our strategy is a 3-5 year flip that when you add up the cash flow, the tax savings from depreciation, the mortgage debt pay down, and the fact that we bought it under market value and that we are selling it on a lease option so we don't need to pay realtor fees and have minimal closing costs, our average total profit over a 3-5 year period is round 60k per property that my partner and I split.  

Because total income was not enough they agreed to pay 100% of the 1 year rent up front.

Or are we at the point where electronic signatures can totally stand in place of wet signatures.