I was talking to a title company today to follow up on if they could close a property for me, because it had a chain of title issue down the line somewhere.Instead of that being the problem, this guys starts bringing up all of this jargon that I've never heard of and saying that it was impossible to do because the buyer was paying for the closing costs!

Make sure you have the proper and legal documentation (use a title company).You could offer to buy (have assigned to you) the tax sale purchaser's position in the certificate, this puts you in the chain of title.

Patti you would need to look at your risk exposure.Typically sale leasebacks are much longer than 8 years.With a mom and pop tenant  you would put 35 to 40% down as the likelihood of failure is high versus a corporate guarantee from a national chain.

@J Beard In a seller market, there is definitely a gold medal for people who know what they are getting into... 

Still again, it could be "FOOLS GOLD" Should I turn this over to a more experienced investor and learn from him or her. 

New Jersey is the number one state for people leaving right now , which is might make a great market pending on the supply and demands chain...

There are nuggets of gold in those podcasts. 

You can maximize your investment by purchasing a, "toad" to some and, "gold" to others with a keen eye to excellent cash-flow, if the right park is found.  

There are couple advantages, but here is the most important:- You can map the unit and tenant to a property and anytime you enter a transaction, it will automatically prefill the property name- Has 15 custom fields with formatting whereas in Pro and Premier you have only 7- Payroll is included (Only in gold and platinum edition)- Unlimited data- Advanced Reporting is included!

From talking with the friend who recommended her I don't think there will be any issue with income/credit/background check (the fact that she started paying the ex-wife in the above scenario was a gold star in our eyes).