Without it the lease would remain between the previous owner and the tenant, you would not even be entitled to rent...

Quote from @Eli Ling: You are losing over $160 a month or $1,920 a year by keeping a tenant who can barely afford the reduced rent, and he complains even though you provide pest service.

Sounds like you are happy with the answers but here is something else to consider: NJ is a judicial foreclosure state so timeline to foreclose is multiple months at a minimum and could even be over a year depending on the tools you have.Is your lender a big institution or a smaller private lender?

2) I bet you could draw that same or even more extreme graph for new car prices.

Find a local Meetup of real estate investors,or a local REIA (a chapter of Real Estate Investors Association)or even a local Facebook group that meets in person.

So, likely break even at best.Thoughts?

This way, all investors are on an even playing field as to risk, and there is no dilution because everyone is contributing pro-rata.3.  

Even at 30% discount, the QBO Plus subscription most Real Estate investors have to have is still $63+Tax.You may look at Xero, I heard they have the Class feature but it is cheaper, it's just not as commonly used as QuickBooks.

The good news is that there are plenty of investors who would be interested in the property as-is and even more investors interested if:- The property is in an area they are familiar with- The property is in a desirable area- You are deep into the eviction process (it seems as though you are)- You can deliver 1 unit/floor vacant (this could happen before closing)That said, if you can keep it, I'd say do it.

There are so many forms in the lease packet, that this flood disclosure doesn't even get noticed.