Can achieve high returns due to interest and penalties (8%-36% annually for tax liens).Can buy properties at 20%–60% of market value.Entry prices can be low, especially for tax liens.Lengthy Redemption Periods-You can face waiting periods (6 months–3 years) before taking possession Undisclosed liens, environmental issues, or structural problems can drastically increase costs.Auctions, especially online, can be competitive, reducing potential returns.Navigating county records, legal procedures, and filing paperwork can be challenging.structured education significantly improves outcomes, particularly avoiding mistakes.education helps with understanding local laws: processes vary widely by state and county.and proper due diligence: evaluating title reports, lien positions, and property conditions.and learning effective bidding strategies.Common Pitfalls without training can be miscalculating holding periods and returns.Overlooking hidden property or title issues.I cant recommend any training providers that I know about. 

For the citation to the statute for moving into a 3-family see N.J.S.A. 2A:18-61.1(l)(3) - which allows eviction when the owner with three residential units or fewer to eviction when seeking to personally occupy a unit.Before filing for possession under subsection (l)(3), landlord must serve a written notice to quit at least two months prior to the proposed termination of tenancy - see N.J.S.A. 2A:18-61.2(f).

Quote from @Val Sundberg: What’s the biggest challenge you face when seeking private money lending for your real estate projects? 

We seek constructive feedback and advise guiding us through this process.

In case they can't catch up, I would terminate the lease with no penalties and deduct any owed amount from the security deposit.

Hey fellow landlords,

I hope you’re all doing well! I recently purchased several appliances (a dishwasher, stove, and microwave) from Lowe's for my rental property, and I'm at a crossroads on whether to invest in t...

The contract may allow the equitable interest holder to sell or transfer the right to purchase the property to someone else prior to close of escrow.ASSIGNMENT OF INTEREST A Registered Residential Property Wholesaler may assign equitable interest to another party prior to closing for profit.RIGHT OF CANCELLATION A seller or buyer who enters into a written contract for a residential property wholesale transaction may cancel the contract without penalty by delivery of a written notice of cancellation any time before 12 midnight at the end of the third business day after the receipt of the Residential Property Wholesaler Written Disclosure.

He has identified this helps him legally when going to court seeking Use and Occpancy fees. does this type of strategy work in other states?

They inevitably do NOT submit a plan, and the penalty for that is that they are granted an additional 90 days.  

Hi BiggerPockets Community,
I currently live in California and renting a home here. I’m considering purchasing a home in Tennessee as a vacation property, and I’m wondering about the best approach to take in this sit...