So you only leave 10k in this house instead of 38k.That's the advantage of picking houses up while in the distressed state.

This is new to me and I know NJ isn't the best state to be a landlord, so trying to figure out what my rights are.Secondary question - is it worth going through the small claims process to recover $7,000 from this person?

Have an attorney add a section in the contract (if there isn't one already) that states that EM isn't due until 5 days (or longer if seller accepts) after contract acceptance.

In my state (Washington, that is actually illegal).

You're telling new investor to take an out of state flip over just finding a better deal in his own market?

@Nate Sanow https://www.naahq.org/news-publications/units/september-2018/article/survey-operating-income-expenses-rental-apartmentHope this helps!

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Some states require a release form to cancel the transaction.

So let's say that you've got a house for sale and you accept a buyer's offer contingent upon the sale of a property they own.Then you get a cash offer from another party wherein their Realtor tells you that in your state, if you, the seller, gets a cash offer, then Buyer 1 has 72 hours to come up with their money or lose their contingent offer.Not getting anywhere looking this up, so BP is the go-to info machine.Something sounds off about this.....?

Let us work towards a system that upholds justice while safeguarding the rights of both tenants and landlords.Went to State Legislative to Support Bill to Hire more Commissioner which unfortunately didn't get approved this Year https://www.youtube.com/watch?