Second-hire a reputable property management company that will protect you and your property.  

I wouldn't stake my reputation on any particular number at this point.

During this period of my life, I have grown to love to learn, to explore, and to read.

If the most creative thing you can do is to offer all cash at low price point, you're not exploring enough techniques.Learn how to offer a seller financed deal. 

I've gotten education in the whole process and I've been doing a lot of self educating on sites like these too, and I have every intention on making my business respected and reputable.

An argument I would explore is grandpa as the personal rep of the son's estate had an obligation to pay off debts within the son's estate.  

Focus on the school material, as the State exam will not deviate much from your training.Additionally, I see the below book on Amazon that you can explore as well.http://www.amazon.com/2016-Jersey-Estate-Questions...Good luck with your studies and exams.

I'm looking forward to meeting some of you and exploring the site!

If you get a reputation for over-priced properties, low rehabs, and/or inflated ARVs, your properties will sit.  

Then I could avoid moving right now, and put my own cost of living towards paying down this property.I want to explore option 3) more.What are the CONs to option 3?