@Brandon Sturgill Setting your attempted distractions aside, let me call your own words back to mind.  

Then I work with the numbers until they tell me something I'm comfortable with and then make an offer if I decide it's worth an attempt.

I would use the inspection report and any other report received to attempt to lower the price to the $45k that you initially offered. 

This new endeavor is new to me.

Buyer has stopped responding to any messages and I asked daughter has she heard from them and she says no (either they are waiting to see if they will be able to get a loan or have changed their mind)...At the time daughter gave me a down payment she did not have a power of attorney yet so she did not sign a contract from me...The actual buyer never signed a contract from me (multiple attempts to see if I could email it etc)...2 part question:  Can I keep the deposit (receipt says non-refundable)? 

I am driving for dollars and when I come home with a list of distressed properties I would like to get the owner info easily and FREE so that I can attempt to locate the owner's phone number/address and cold call/direct mail.

That was my first attempt at analyzing a deal.

Greetings folks, I am attempting to finance a rental property.

This is how the bank legally begins to take back ownership of the property.Be aware of fraudulent attempts to help you avoid foreclosure.

While I've never attempted to do this in Jersey City, I have inquired about doing it I'm Kearny (both Hudson County).I attempted to convert a 2 into a 3 (floors same as yours) and I was told I'd have to conform to current building codes if I wanted to do that.