We also need to communicate with our property management clients and service providers to schedule cleaners and handymen. 

(My company closed, so actually they pulled the trigger.)The OP is making more than triple what my wife and I made.

FINAL NUMBERS:- Projected Costs: $380k ($357k in build cost & $23k in soft costs)- Actual Costs: $389k ($369k in build cost $20k in soft costs)Note: We had very minimal carrying costs because we utilized a CA HELOC with Premier Valley Bank that had a 2.99% introductory interest rate.- Projected Finished Value: $750k- Actual Finish Value: I think between $800-$850k, not sure yet.

It actually took 4 months to move in.

More on DSCR loans: DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I service the Essex, Bergen, Union, Morris, Passaic areas.

In what world does reducing labor in a high area of need, it’s only the biggest industry in America, reduce the cost of the service.

Assuming this is an off market deal with no realtors (or the seller would actually have to come out of pocket almost 10% to “sell”.  

Unfortunately, no one can actually answer this without looking at the title and the foreclosure proceeding. 

It's a great way to get started in private lending - you don't have to worry about the origination, servicing etc.