When creating an LLC for a rental property and subsequently having rental checks mailed or deposited.

Moreover, I heard a lot of BP episodes of investors getting subsequent FHA loans every year to house hack.Sources: -https://themortgagereports.com/19116/first-time-home-buyers-... 

Tax consequences: If you are in a higher tax bracket, the income from the sale of a property can be significant and so can the subsequent taxes.I know this is not an actual answer to your question, but I hope this helps.

I'd say since you're still in the research/study phase and are considering rehabbing as your long term goal, you should check out the book by @j Scott the book on flipping houses (and subsequent book on estimating rehab cost).

@Nathan Gesner  okay, so now that you've piqued our collective interest, please DO SHARE your response and the subsequent dialogue!

Every subsequent meeting seemed to take 2 weeks to schedule and God forbid you missed out on anything they asked you for... tack another 2 weeks on. 

It is buy the lien, pay the subsequent taxes, sit and wait. 

Also keep in mind the additional cost to acquire  the property above your bid amount; legal fees and subsequent taxes for exampleYour other question swill have to be answered by those more familiar with NJ law.

Potentially, if you do not secure your priority by purchasing all the subsequent liens, even forcing the APR down to 1% or 2%, you could run the risk of the property selling at foreclosure and not paying off your tax lien from three years ago.Tax liens will require a good amount of liquid capital to be held for the purpose of foreclosing and winning your already "tax lien" owned property.

Subsequently, the property manager placed a Stop Order on the previously issued check covering the portion of the security deposit that was not in dispute (the tenant had not yet cashed the check).