This would mean digging a hole in the right place and planting the existing mailbox at the correct position.

There is a good equity position and stable tenants, I just need access to lower cost of capital for a property like this to make these properties cashflow.I am willing to do them together or separate or lumped in with another residential property that I currently own that is cash flowing around 550 a month over the mortgage as well.Thanks in advance!

When getting a HELoan or HELOC, you are putting your house up as collateral should you default and that lender takes a junior lien position to your current mortgage and property taxes.

If I had done this, I would've charged roommates a little less but would have had a positive cash flow instead of paying $50/month and still been living better than all those who pay thousands to stay in the dorms. 

Can new pseg power plant in Sewaren have any impact on the local housing market? 

If only there were communities like this years back when I was in a different position, but alas here I am.

I am fully prepared to defend this position with the facts above and all other related documentation from your tenancy.

What would you guys do if you were in my position?

Initially I was thinking that I would provide the rehab funds and manage the rehab like I normally would, which would put me in 1st lien position. 

Jeremy,If you wish to invest passively using your wife's self-directed IRA - all of the incomes and gains resulting from this investing will be sheltered from taxes inside of an IRA and it will not have an impact on your personal taxes.