Betting you have of at one time had solar power and that's the electric circuits that switch the utility and solar power on and off to the home.Be REALLY careful those wires that are loose on the top right (the one with red tape) are the size of the wires that come from the utilities side of the pole.

You're best bet is gonna be to do what I did and relocate or invest in out of state property from NY.

@Kevin Urena One thing to keep in mind is that there is a planned extension of the PATH train to the south ward near the Weequahic section so buying on a good block near that planned station could be a good long term bet.

Thanks in advance for any advice here.Eric If you can do 5% down, Freddie Mac's renovation loan is a better bet than FHA.

A really cheap property that needs a lot of rehab has to be managed.You also need experience rehabbing,Material shopping, permits, managing sub contractors, order of operations, managing payments, checking work, and accurately projecting all of those numbers in the first place to make sure you get a good deal.Best bet is to buy more of a turn key rental for your first purchase.

Your best bet is a local private money lender or perhaps get seller financing.

Anyways I bet the current inspection stays but maybe not? 

I bet that 20 years from now, after you’ve built your real estate empire, using all of the knowledge that you learned on BiggerPockets, and Rich dad Poor dad, that you too will be lending people money, and charging interest over a 30 year amortization.

@Michael Ealy and owner financing may be my best bet.

Best bet is to get a couple have contractors out to see what your best options are for the layout of the duplex.