Both have submetered electric and one has individual thermostat controlled electric heaters in each unit.The major expenses that the landlord pays for between the two properties include:Common oil boiler (10 yrs old) feeding steam system ($9k/year oil bill) in one property - does anyone have experience with gas conversion/replacement and submetering with a steam system?  

Although in JP, it's entirely possible that the fuel is oil, not gas.  

I don't think Mark advertises per se, but he put himself and his knowledge out there which was enough to fish me in.I'm not surprised with his success this year, he was a junkyard dog and on top of everything.  

It's similar to asking, "I'm going fishing, which lake should I go to?"

Here's what the wholesaler is laying out:No seller or wholesaler disclosure on the property … it's an as-is saleOne open house will be held at which the property can be viewedBuyers have 24 hours after the end of the open house to make an offer comprising simply the offer amount along with proof of fundsWholesaler selects the winning bid that night and send the buyer an assignment contract.Buyer wires a deposit (over $10k, and not called earnest money but called a deposit) to wholesaler's attorney the next morningWholesaler sends the contract between seller & wholesaler to the buyer and/or buyer's attorney1 calendar day for attorney's review (in NJ real estate contracts are not binding until both party's attorneys agree on the contract)Deposit is only refundable if title is not clearApprox 3 weeks to closeThere's no underground oil tank contingency (in NJ it's common to have the seller remove an underground storage tank).Are these steps & conditions & timing typical for a wholesale deal in NJ?

While they Could be fishing for something, if you have the property under contract then you should be protected.

People with too much experience wouldn't bother to work with small fishes like me.

Concrete is the hardest to remove, however if you buy a good sealant, such as Kilz oil based original or Binz (very expensive), it can seal floors quite effectively.  

This is the usual phrase added by attorneys when they prepare P&S contracts though in some parts of the country people don't use attorneys.I was sued in small claims once on this provision, they seller forgot to include a tank of fuel oil in the closing for about $150.00.

I just wanted to echo that it is possible and post a few tips on how you can find a deal.Tell everyone you know that you are a REAL ESTATE INVESTORYou never know where you deal may come from it could be a friend of a friend of a friend but you'll never meet that person if people don't know what you are doing.Get your finances lined upDo you go fishing without a pole or net?