No bank will finance it, so you will need to partner with a private money person to fund this.

Personally I would sell and get the $300,000 out of the NJ place and buy something you could get a positive return on 

It seems the person who won the auction started to demo the property before closing.

Do you represent Spencer personally or do you have a preferred contact there that you currently do business with?

In MA, AZ,RI we have car/ personal property taxes.

The cost of acquisition, deeply itemized to make sure you have a real number, acurate analysis of market lot rent potential , and cost of engineering srudies then install or rehab of wells and septic install, cost of new or upgraded electical hook ups,  roads, then the multiple meetings with county zoning and water departments before you even start the rehab.

Water Taxi and Mandatory Evacuation...It's Not Over Yet. Surviving Hurricane Harvey Dispatch #4. https://medium.com/@annwhowell/water-taxi-and-mandatory-evacuation-its-not-over-yet-3d721dfb108d?source=linkShare-6c47d...

Im currently about to turn 19 this month, full time student, with about $272 in monthly expenses just from small bills (I recently just made personal budget spreadsheet).

And this is across at least 3 or 4 different council districts, so I don't think its a single council person or neighborhood getting serious about construction jobs.I could be wrong, but my sense is code enforcement is viewing things differently than they have in the past.

I was listening to an old BP podcast recently and heard what I thought was an interesting tip: get your personal mortgage at a local portfolio lender as a way to establish a relationship that can be leveraged for future investment lending.