Folks always talk about 203k as a purchase tool, but often it's actually a way better fit as a refinance tool.

However, I have learned a lot from others and according to some of the podcasts here on BP the 50% rule should only be considered as one more tool in analyzing value.Thanks for also sharing the screenshot of your current numbers. 

@Brent Coombs I believe in being educated, given the tools and fully informed about all factors about decisions.

^^^ Lol but there are plenty of self-management tools available if you choose to do so.

@William Carr Hard Money is a great tool!

@Shiloh LundahlA 401k is just another tool for saving for retirement.

This data tool I'm using is about 30 days behind, so it's not current with the inventory changes Robert is talking about in the current.  

I use inspection report as a negotiating tool in escrow process so we can have a win win situation for both buyer and seller.

These are some of my favorite tools for northern NJ as you are researching properties...Tax record lookup: http://tax1.co.monmouth.nj.us/cgi-bin/prc6.cgi?

@Gary WaddleMy first advise is use the calculators under tools here on BiggerPockets it makes the numbers a lot more accurate and will provide you with the confidence you may be looking for.