I will probably do straight buyer/seller transactions or foreclosures (though I hate those damned contracts the banks make you sign).

In NJ if you are the one settling the outstanding subsequent taxes then you will also want to consider the attorney fees for the foreclosure cost. 

The questions you're asking has multiple phases or areas that you need to be well versed in:ConstructionReal EstateLand Use/LegalYou don't need to be an expert in any one area, but you damned sure better know alot about each.  

If you find an outstanding agent they will be able to market the home in such a way that you will be able to net what you need out of the sale.  

Compare the FMV to the outstanding debt, taxes included, and see if the deal still makes sense. 

The ability for the seller to help pay off some of your debt to help you qualify comes into play if for example the new principal and interest payment on the property you are looking at is $400, but you also have a car payment of $300 per month with an outstanding car loan balance of $5000, you would not qualify because your total monthly debt obligations are $700 and a maximum of $420 is allowed.

I pay $300/mo on low interest student loans ($63k outstanding) which are paid in advance 2 years.

But they never mention this outstanding success when talking about anti-landlord proposals such as the Jim Brooks Act, since it would undermine the FALSE NARRATIVE that there is a housing emergency.A senior legislative aideand policy advisor at the State House said: "We know there is no housing emergency.

Advantage... he is so damn good with numbers and putting difficult deals together. 

No matter what you will look back and think "damn I could have made more $$ if I stayed longer"  or "thank god I got out when I did"...Its like being at the blackjack table......