It is very simple and cheaper to set up the LLC in NJ vs NY ($50 vs $200 when going on the state website) what is still an open question is I also need an operating agreement for the LLC once set up, wondering if that is also free as part of just getting the LLC set up on the state website or if I need to use a lawyer or a legalzoom type of service to do that.

I think you have no choice but to convert to cash yourself.....no one is going to take the risk/hassle of converting afterward.

so the title company if they have to pay it is going to be not so nice to the seller. the reality is if you dont do the intent to lien then yes you can get it removed usually though has to be done through the court title company wont take the risk..

I know there is surety bond process and there a a few companies that appear to offer a service (Like Rhino)Furnished Finder has a new feature called Worry Free Waivers but when I tried  to better understand their process, it was clear they have not done a good job of vetting this out. 

If you go this route, make sure there is a very very very wide spread because it's so high risk and easy to lose.

There's a free 7-day trial for you to poke around on those forums and learn more.

The higher the risk (which usually means higher costs) the higher the reward should be. 

Important note, it takes a lot of reps to be self sufficient as an agent so you will want to join a team of active agents that can help you through the process.Please feel free to shoot me a PM if you have any qs - happy to hop on a call to chat you through it!

@Paul Cijunelis  thank you for this response Paul, well I firstly got interested in CRE when one of my high school teachers told me about how he does it and that kind of started my interest, I really love CRE because I've noticed it's a very lucrative and risky business like high risk high reward, but not just that I really love seeing a bunch of properties being brought back to life with renovations.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.