You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.

You can offer to lend the seller money to stop the foreclosures. 7 or do a lease with an option to buy - making up the back payments that would be considered you advance lease payment.Always look at the property if you have intentions of bidding at the auction (this can be tricky because you need to do that with the owner's permission - do try to build a rapport with seller  - also look at the foreclosure suit to find out what the bank is looking for and if there is a second mortgage or other liens.At the court house steps when the auction take place you need to be well prepared with your certified funds but more importantly you need to know the fast sale value of the property - you don't want to pay retail.Get to know your competition - there will be professionals at the foreclosure auction looking to capture some serious equity.

You have to get the foundation poured and be prepared for the delivery. 

Unless you're filing the tax returns yourself (not possible to e-file a partnership return if not a preparer), then the cost is usually a large barrier for a lot of people as they're starting out.

Preparation and perseverance is essential to successful real estate business or investment.

Be prepared to adjust your strategy based on market conditions and your financial goals.

Also as a flipper....you should be prepared to complete a laundry list of items to be repaired.

What are the most common challenges faced by multi-family property owners in Jersey City, and how can I prepare for them?

You should have a lease agreement for the roommate prepared by a landlord attorney.

You should get an attorney-prepared lease fit for your situation.