Now is a good time to start networking with wholesalers and learning how to source off market deals.

This deal was sourced through New Western and sold on a first come first serve basis.

@Edward Schenkel I would love to hear more tips on foreclosures, as these are the main deal flow sources for us! 

There are a lot of brokers who source deals from the MLS.

Using online sources to do an LLC seems a bit silly.

No you cannot, as source of income is a protected class in NJ 

Then after you season the property for at least 12 months you can buy your next property as funds become available and once again source a low down payment loan.

"Would you use one to buy the property cash (house is worth $50k)" - Absolutely, as long as you know you can qualify/source/secure conventional financing.

I may bring an eviction case in the future if the Applicant fails to pay future rent due after the funds of this award have been exhausted or if the award amounts do not cover all amounts due.I understand that These funds are to be used only for expenses that are not paid by other sources of financial assistance.

or are currently working on plans to tap into that source of funding?