@Delsean Barrowi have since bought the home and it has a lot of medium sized DIY projects.

@Ilona Kovacs I'm currently in Norwalk CT and was working on a project in Norwalk for 4 months before it fell through.  

@Valerie Rogers I vehemently disagree with you on the basic liberties that go along with property ownership. 

I've received nothing from either.Still, I'm on the prowl for my next project!

@Steven Hou Investors think in terms of numbers...while you don't want to look like a complete rookie by capitalizing the property, you want to at least capture basic ROI...cash-on-cashYou would also want to include data on rental income and expenses.If it's occupied, you'll need to abide by your states landlord-tenant laws.

I would like to connect with wholesalers in Jersey City, the heights, Bergen Lafayette area to start my next project.

The basics will never change.

Did several small projects to the house over the next 5 years while my wife and I lived there and sold it in 2016 for 185,000.

So the basic financials are $281,900 purchase price, $100,000 rehab cost, then when this is complete the income of the property would be $850 and no utility expenses.I am planning on using the BRRR strategy for this property.My wife and my personal finances is I have $14000 in savings, $600 in another account and I have a line of credit of $40,000 with and interest rate of 7.8%.I have not exactly officially offered this $281,900 but I want to but before that I want to hear any opinions and things I may not have thought of.

I understand that the FoxConn project is putting upward pressure on prices, but I don't see a rational justification for a $20K jump in 9 months.