I am wondering if it is a good idea to invest in one of these foreclosed homes or old single families. the prices there are actually extremely cheap compared to where I live in new jersey. my overall plan is to own multiple rental properties. 

The benefits to using available cash to fund multiples investments as opposed to paying all cash for one investment seem pretty self explanatory, but the largest benefits...especially in real estate...are likely the ability the spread risk across multiple investments and the ability to make multiple investments in a shorter period of time, allowing your cash flow, equity, and ultimately potentially your net worth to increase at a faster pace.To answer your question about traditional financing directly, yes you can obtain a traditional mortgage and put a large cash down payment down, essentially financing 'part' of the purchase price.

I can go get a masters in real estate and learn from 10 hedge fund managers for that price.  

Is it the price (sometimes $449K vs $455K makes a difference in who sees it), location or something else? 

Investment Info:Small multi-family (2-4 units) buy & hold investment.Purchase price: $247,900Cash invested: $19,000Closed on my 3rd house hack in January 2024 and wow this one has been quite the property.  

Any insurance companies out there who insure older apartment buildings (HOA insurance) at a reasonable price?

Purchase price: $158,000 Cash invested: $35,000 Sale price: $250,000 This was our first house Hack that we added value to.

It simply is not worth the opportunity cost. 

Also, keep always hunting for new job opportunities.

You may be obligated to complete the project according the the OG contractor's pricing, which may be insufficient to complete the project.