I am hoping that one integrated system can handle both functions.

Specifically handling liens that builder did not pay subtractors. 

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

I can't speak for the taxes or how to handle that so ask your CPA when the time is right. 

You must be careful because handling tenants is a very stressful process but can yield great returns and if your investment is in the right place you may make a good profit!

It’s good that you guys know how to handle that right away but that really stinks for the people who don’t.

Experienced NJ landlords, how would you handle this?

The clerk of court doesn't handle the tax deeds, except for recording them. 

I want to get into the commercial side but i understand I have to start with residential to work my way upGoing bigger with a 4-plex could be a smart move if you have the financial stability and confidence to handle the extra management responsibilities.

@Walchli DonnaAs an fyi next time you do this use a licensed loan servicer and charge it back to the borrower - it’s $25-$30 / mo and they handle all the payments and loan balance as well handle all the tax documents as well.