As I mentioned every person and their criteria is going to require a different loan program and each loan gets risk graded based on several factors.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

New Jersey’s Anti-Eviction Act does not require any written notice for non-payment of rent.

Our company requires first/last name and a mailing address for the owner.

Hi Yael, I can connect you with an agent that meets all your requirements.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

.- You should have required the tenant to sign a Hold Harmless Agreement, indemnifying you against any of their claims.

Some states will give the underlying land while others will give the land but expect the newer owner to compensate the old while still others would require the owner to compensate the person who performed the value add.

Credit is a factor as bad credit may limit options, or may have the lender require you to put 10 or 20 years of taxes and insurance into escrow. 

However, about eight days later, the seller informed me that they had "changed their mind" and no longer wanted to sell.In the weeks that followed, the seller failed to provide the required documents, including HOA disclosures, the seller’s disclosure, and other essential paperwork, all of which were due within specific timelines per the contract.