Can be profitable ,BUT, my experience as a hard money lender is that there are many companies operstimg in this field that aren’t very stable financially.  

My brother does not have any interest in the property any longer so we will be buying out his interest (we're working on the details with him).

If the realtor is, they should be able to just ask you the basic questions they need answers to and keep this moving. 

I saw a prior post where you mentioned having a STR in Texas.you want to have a conversation with your accountant to see if it can be treated as an active property instead of passive.If it can be, then there is a potential opportunity to offset the losses against other forms of income such as wages, interest and dividends.

And a recommendation for an agent and property manager that you know/trust, would also be a good tip.I know it's a lot, but I'm trying:) Thanks!

That said, expect to deal with a fair amount of fluff leads.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

(Plan is an FHA loan)If anyone can help me out with this it would be greatly appreciated!

Hello @Yaumari Gonzalez - I'm a licensed agent in NJ as well!

Any help and suggestions will be greatly appreciated! 

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.