The house likely needs a new roof, all new electrical, kitchens, siding, water heaters, furnaces/AC, floor refinishing, and substantial painting.  

Also, Weehawken prices have gone through the roof.

Billy really wanted to go on the roof to help me clean the gutters.

Both house have newer roofs and mechicals.  

The numbers work better with 3-4 tenants per roof than 1 tenant.

Cash or finance, what of the numbers you ran on the property (taxes, insurance, albeit outdated what of the major systems you might have to fix or replace like roof, hvac, plumbing, electrical). 

Tampa, my old tenant who owes me a ton of rent, says that the guys at his roofing company are not able to pay $280 a Week at the local Motels that they stay in.

@Michael Henry the price is discounted property needs rehab, it's a five unit building new roof and new back porch.

And being misinformed about the roof being new, only half is new.However the question I have is how do I get the loan increased to 205K?

@Chris Blount..I  perform basic estimates, but If it's a major problem, I get contractor in after house under contract(only)..Basically, during  inspection period...I also work with some good handymen for pricing...HVAC, Roof, Plumbing, Electrical(licensed unless it's minor)...If moving forward with deal most will come out, but might charge a small fee...Once your'e doing deals, no fee...