The thought process is to buy a new condo or a town home, furnish with a high-end package, go with an established marketing / booking agency - and command higher rents.

@Chris Ortiz I have heard that River Edge Title Agency LLC in Island Heights is good for investors in Ocean County.

Talk to a real estate broker who owns their agency about joining their stable.

State law requires your LLC to register with this agency upon formation for state tax purposes if your LLC will have employees, will sell goods, or will collect sales tax.[25] You can do this online using the Department of Revenue's website."

I have a tenant who came by way of a temporary housing agency. 

@Fred CanzanoSelf-directed IRA accounts are a specialty service, not served by the mainstream brokerage houses.There are several types of account structures, and what will be best for you will depend a lot on variables such as the amount of capital, investment types, your employment status, etc.  

The core issue is about agency and who the agent represents during the transaction and fiduciary duty.The agent should have given you an agency disclosure form up front stating who the agent represents.Without a contract, the disclosure should have checked off "in the interest of the: [x] Seller as [x] Seller's agent."

@Khang Nguyen - more on Cap Ex vs Current expenses (Canadian) : https://www.canada.ca/en/revenue-agency/services/t...

He owns the Inspector Rob Agency.

So since it is an REO listed with a local realty agency, is it likely that they can take it off and sell it as one of the options that you listed?