Totally, here's several resources that I typically direct people to first:The Ultimate Guide to Analyzing Rental Properties by @Brandon TurnerYouTube Video Where Brandon Analyzes a Deal (45 min)Five Minute Deal Analysis by @David GreeneHope that helps! 

Maybe since they are losing the house they owe past electric and water and they cant get it turned back on ?  

For example, I did not check as many references as I should have for the contractor, I did not know a lot about his construction background or past successful projects.

During the past several months, I have become highly interested in REI and have gained a wealth of knowledge by browsing this site, reading through forums, listening to podcasts, etc., and figured it is finally time that I jump in. 

We have had 4 MF acquisitions (14-16 unit ranges) in California in the past year and there is definitely upside if the right deal can be found. 

Hey @Chris Rocha, I've been investing and managing small MF (10-50 units) in Atlanta for the past 10 years.

I'm not a newbie but I'm still trying to learn, I've been buying rentals for the past 3 years while working a normal W2, and currently am the sole owner of 38 units across the state of WI. 

Worse case, if plan for the upside portion aren't approved, I would still see $400k once all is said and done.The only thing I am a little concerned about is the over-all political and economical climate of things in New Jersey... although this particular municipality has weathered the financial turmoil of the past exceptionally well due to proximity to NYC, etc.Is anyone on this site still playing in the New Jersey speculative market? 

So far no issues as banks usually only pull title work for a property of an existing loan if they are concerned about the loan getting paid (loan being severely past due) or if they have any suspicions.

I have been in a... state of analysis paralysis it seems, but moving past it.