Basically the textbook stated that, there is a new law in New Jersey, that if you try to sell a co-op, for the same amount or less then your investment, but aren’t successful after 4+ months on the market, then you can rent it out, regardless of any lease bylaws the board of that co-op has for renting. 

Lien priority is determined by state law and it is best to have the title reviewed by a professional to see what encumbrances may exist on the property. 

The general rule of thumb is that the licensing laws do not apply to those who are buying, selling, or managing their own properties.

No questions asked, lay dow the law immediately.

In the eyes of the law his slate is cleared.I would not close until the tennat is evicted unless this is a once in a life time deal.

I just bought a little studio on the beach I'm rehabbing and plan to rent it out as vacation rental and also am looking at buying another one in the same complex as a "strict rehab and sell".

Nadia, To clear your confusion about showing both parties who I will be representing:4)I ran into some laws about how it’s illegal to wholesale or broker property without a license, unless you let both parties know your equitable interest basically.

I'm not familiar with foreclosure laws in Texas.

Also with the new tax law next year, if my property is in an LLC, does anybody know if I can get a better tax break on that rental income?

I am pretty strict on our policies and its because if you allow one tenant to get away with certain things then their neighbori will also try the same thing.