Fairly new to BP and have a question for those who may be familiar with converting a Legal 2 family (multi-family) home to a Legal 3 family home.Does anyone know what is the process for doing this conversion in NJ (Jersey City) to be specific?

Do not rely on it for legal advice.

If they are motivated at that time to redeem, they will also have to pay your legal fees for the ejectment.If you have a tax deed, you can just give some sort of deadline in the letter and file ejectment after the deadline expires.

Technically with an option, I would have the legal right to purchase the property at any moment.

"Best and easiest way to structure" brings up several points in my mind: deal structure + legal structure + tax implications (listed in the order in which I feel more versed, not necessarily their importance).

The main issue that you'll run into with what you've proposed is that you cannot legally rent out 4 rooms separately in Philadelphia.

This is not legal advice- btw.

You may put in a ton of money and work just to find out that she has no legal claim over the property.If I were you I would keep in touch with her and get her through probate. 

I think were legal and within the scope of the law and NOT selling them today for more than they are worth.. is fine..your buyers if they are paying more than they are worth are not going to get financed once they get their appraisal.. and or in 2022 if the market has gone up its moot anyway you might really have sold for too cheap.. 

I formed my own Meetup, designed to bring like minded investors together.