To qualify for agency or CMBS debt the vacancy has to be roughly 15% or less with some exceptions.  

I appreciate all the knowledge shared! 

The wealth of knowledge than can be obtained is incredible and I am happy to have stumbled across BP and more importantly this NJ sub forum.A little bit about myself - I've always had an entrepreneurial spirit growing up (started a small landscaping company in HS to get me through college), however, I fell into the trap of "you need to get a good degree, then a good job, with a good company."  

BTW, this is NOT considered dual agency. 

I know the best answer everyone can give is to consult my tax attorney, but hopefully this conversation will be a value add to the knowledge of the community as a whole.Primer...my personal holdings use the BRRRR strategy and currently total 5 properties out of state (SC).

NOPE 4 million was the bid.. hell we are only paying 4.4 for the whole track.. plan B I love this end of real estate .. most folks don't know squat about it and don't want to and rely on others you need to educate yourself on it.. and then work with the closers to make things happen.on your tax sale one.. if it goes to tax's does not matter who owned it right at least out here it would not tax sale clears title completely in our area.. everything except property tax's are wiped off and IRS has their short redemeption period.. speaking CA and WANOw in Oregon to my knowledge is the only state in the county that if you don't pay tax's it escheats to the state they take it in and sell it some years later as surplus.the state does not want to do this and will go to great lengths to help people not lose property..

I read a few different articles and any first hand knowledge is very helpful and appreciated.

I would love to make a point of contact with any investors or agents in the area to gain some more knowledge about the market.

I don't want to show link here... else it will look like I am promoting myself... when in reality... i am just sharing my knowledge free of charge.hope my advice helps

Welcome to BP where the people are helpful and the knowledge is vast.