I'm pretty young so I'd rather not get taxed on my cash flow right now and instead build my real estate portfolio up making 100-200 cash flow on each property and when I have 12+, focus on paying those off, my cash flow will increase quickly after that where now my cash flow can be my money going in or I "could" live off it if I choose to, but still young.

I would rescue a deal the day before the sale.. file my deed transfer title day before the sale.. then have my courier either have the cashiers check devilered that night or in the morning before the sale at 11am.. we were on first name basis with most of the trustee's its a little different out here no sherrifs involved most of the time.but some pretty down daubers when I was at the sale the next day and this group was looking to buy the house I just bought the day before LOL.. but hey like I said its a big boys game..

Purchase price (we are doing $15k of gift of equity)That's pretty much all I've got so far. 

HML is pretty simple and straight forward. 

I would like to say that I am a pretty good negotiator but I am probably just "lucky". 

I think we're pretty comfortable with our "why".

The property is in pretty rough shape and the owner would be selling it to me for his existing obligations on the property at a loss of around $60k. 

There are plenty of properties out there, but if I can't find a couple of deals, I'll have to purchase at market value and most of the multi property homes in my area have been up on the MLS for pretty long stretches so I  doubt any of them will be jumping at a low offer.With financing, barely any of the properties would cash flow and the ones that would are in super sketchy areas. 

I am not a lawyer, but the eviction process for non payment of rent in NJ is pretty straightforward.

They don't seem to forget much and they calculate loss and probability pretty quickly.