Regular price is $289.00, still beats $25/month.

What is not legal in NJ is any form of required prepayment in excess of 1.5 months security.

I believe the greatest security you could put in place would be to take a 2nd position lien on the property behind the bank her financing is coming from.

In exchange for their money, they get first mortgage on the property to secure their funds, with monthly interest payments.

Although in our area, traffic can be so bad up and down I-95 that people regularly commute an hour and a half each day to their job.

If the cashflow cannot support regular major upgrades every 3-5 yrs will have to come out of your own pocket, ouch! 

Main floor has quartersawn oak and upstairs has regular oak.

Also make sure they haven’t pocketed security deposit.

There wasn't a need to have robust documents, just what was needed for a note and deed of trust to secure the investment.Selling to an owner occupant, I would definitely let the MLO take care of everything.

@Harry Williams and @John Underwood, if it is obvious people will eventually redeem and I will never get the property, I send a strongly worded letter by regular and certified mail telling them I have the tax sale rights including the right to possession.