hope to hear an update once its all done.

I'm confident I can double that with the wash dry fold, but time will tell .I'll be posting updates here 

During this all major systems(plumbing, HVAC, electrical) will be updated and replaced.

@Daniel VandenbosHey just followed this thread Since you seem to know the area Any updated advice you can offer newbie investor Looking to invest in a multi family in Phillipsburg

I'm hoping I can find something almost move in ready or something that requires minor updates. 

I am slowly updating and fixing the property and keep it as a buy and hold.

I am slowly updating and fixing the property and keep it as a buy and hold.

Still updating a few things like kitchen, floors, bathrooms, curb appeal.

Quick update, I spoke with the tittle insurance company and they said that because the omitted party action had been filed they decided to insure the property with the lien.

My plan was to rent it (approx $4200/month) for 2-3 year, use the money to make updates and capture further growth, then sell and put into 1031 since I'm single and will have closer to $400K appreciation.