I did a decent amount of research in PA before deciding to stick in NJ, I'm glad I stuck in state but cant fully compare since I never purchased out of state.

My goal is to buy the property via lease option purchase and then resell it with a lease option purchase and cashflow while waiting for the new buyer to qualify for a loan.My concern is that the monthly payment could eventually exceed my cashflow.My original thought was that I set a fixed monthly rent amount in my lease purchase agreement with the seller, and anything above that is his responsibility.But my concern with that is what if he doesn't continue to pay the mortgage?

What I’d look for is a house that is easy to divide with the least amount of renovations possible.

However, those amounts are not paid through payroll deductions.

Can you deduce the amount you pay as rent as a business expense?

It all depends on your goals, capital available to you, and the amount of time you have to dedicate to this.  

And the houses can be majorly vandalized post inspection and they do not tell you.Leave money on your plate for major issues so you don't go underwater on them.We have a dummy in my town that bids way up, to the same amount as you could buy a house off the MLS. 

If they redeem after I do all those things, but prior to the redemption deadline, am I out all those costs or will they get rolled into the redemption amount?

Some jurisdictions have limits on how much taxes rise, so you might be looking at an artificially low tax amount on an mls syndicated site that wont hold true for a new owner.

Who receives this amount if tenant breaks the lease under this provision?