There isn't enough information in here about the current state of the house to be able to advise you, but I would think #3 is a definite no as it seems unnecessary from a cost perspective although that market has scale to accept it.

Readers are advised to seek professional advice.

I would also ask my attorney about the advisability recording a copy of the contract or an affidavit of interest as I think it's possible the seller may have found someone willing to pay more for the property and I'd want a third party to be aware of my contract interest in the property.Lastly, I'd make sure the attorney I hired specializes in real property law, particularly in the county where the property lies.

Which I also would tell you that if you have trouble managing finances and poor credit I strongly advise against real estate as its capital intensive and if you struggle now managing money having more money and real estate only exacerbates that issue.

Hi everyone,I'm a junior lender on a property, and my attorney is advising me to buy out the first lender so that I can foreclose on the property myself.

We actually have an office in Jersey City that can advise on problems with tenants (see link below).

I am just beginning my real estate journey and would be appreciative of any advise.

I would list the property and advise the tenants you are planning to sell. if they want to stay month to month, that's fine.

I've been updating things that need it and lucky enough, I can do the work myself to keep cost down for now, only because it be my first rental.any advise would be much appreciated. 

Any advise as to other groups to join?