Ali,When planning to buy in NJ the biggest thing I would tell you is to plan/research for the closing costs.

Well not all bad I’ve learned a lot I bought a 2 unit that needed work but it’s taking too long and costing too much.unit 1 is ready but the exterior needs work as well as the second unit. should I sell take a 35% loss and move onContinue saving/investing in repairs repair Just enough to get a HEL Nothing focus on my other business that is making good profit How can I speed/turn this deal around?

We plan on renting the property. thank you.

Grace,If you plan on getting a construction lon or use financing most Banks & Lenders do not allow the owner to the work unless you have a GC license, but again even still some will not allow.

And since you don't do wholesaling I wonder how relevant your results would be in this line of the business. 

We will both be on title and are planning to split costs and ownership evenly. 

Texturing the walls means that they don't have to be as meticulous (read: lower labor costs) when taping, mudding and sanding -- any imperfections will be covered up by the texture.So, when getting a drywall bid, if they're planning to texture, you should actually be negotiating the price down (or worst case, the same as smooth).

Remember this is a PEOPLE business, if your not building, growing and maintaining relationships you don't have business. 

This is not about the money it has become about taking control of the business.

I am talking to a lawyer to outline our plan tomorrow so we execute legally, but there doesn't seem to be any information available explaining how people are pulling this off.