It's currently falling off the house and needs to be re-built, mortared, have a few courses added.

Welcome Cassandra, As a new member I have found Bigger Pockets to be the best source of information out there.My wife is an agent here in North Jersey so if you need any help feel free to contact me.Thanks and all the best in your investment journey!

Mike Franco In my state, judgments are only good for ten years, but can be re-newed for another ten.

Once you purchase it for 99k property taxes will be re-adjusted again and most likely back to 1000-1800+/year depending on where it is located.

I was told that I would need to buy the house from them with my own loan or qualify with the current lender and get a loan from them.My family member is willing to keep the loan in their name and guarantee the loan, but have me pay it.

@Vivek Khoche the big problem here in Orange County is my cash will not take me too far; I would be relying on appreciation which I would prefer to avoid (most of my capital is already invested in the stock market and I want to diversify out of appreciation based investments)

Also, you are getting furniture loans which might be red flags for banks.

Here if the tenant were to service a notice of termination (with the appropriate period), we would immediately start advertising the unit and would arrange blocks of time for viewings with the tenant ... in the last month of the tenancy we would only be required to provide reasonable notice prior to showing the unit.In some jurisdictions, if the tenant elects to continue month-2-month, the landlord is compelled to accept that outcome.The business decision you need to make is: are you better off continuing on a month-to-month basis with your current tenant or securing a new annual lease and have this tenant leave (if this is possible).When making this decision, note that you will quite likely loose a month's rent turing the turnover process and, if the unit requires work before it can be re-let you will incur those costs.Unless your market has very critical windows for renting properties - such is frequently the case with Student rentals where most leases start in May or August/September - there is probably not advantage to having this tenant to leave at the end of the current lease.

So you would be relying on appreciation (property and rent) for decent return. 

Hi I am a new member I am very eager to start investing into real estate.