Is there any loan programs out there where they can take out a blanket mortgage on all the properties with favorable terms.

Depending on the program, you can get 80%-90% of purchase price + 80%-100% or rehab $. 

Here's yours: http://www.westmilford.org/Cit-e-Access/webpage.cf...If the land is zoned residential, then you could inquire if it's currently owned (public records search will tell you).

Read up on yours and the tenants rights before you get dragged into court.https://www.state.nj.us/dca/divisions/codes/publications/pdf_lti/t_i_r.pdf

Perhaps if you trying to target section 8 or any government assistant programs then they have guidelines but to a normal happy family from off the streets then I would consider it a 3 bedroom and a den or 4 bedrooms.

If you are using your real name you need to disclose as the info is now in the public domain (i would suggest disclosing in any event...)

You posted your intention to tie up the deal via lawsuit with no real basis other than benefiting yourself on a public forum using your whole name.

Also if someone is more familiar with the REI pro program I have a few questions.  

They have an amazing training program that really helped me get started as a new agent.

I don't know for sure, but it sounds like an assessor's notation for a mid-level 4-plex, but if you'll PM me the address, I'll pull the field card or public record to see if I can verify it.