The owner may be taking the position that since you passed your inspection period/attorney review period if you have one (I am assuming this) that either you close as per contract or you don’t, and perhaps you lose your EM.

I did one of these a while back with a multifamily in Massachusetts and it got a lot of positive feedback.

I am 22 and fresh out of college working a sales position for a food company.

The pay or quite notice is always posted the day after rent is due.

Essentially, they would be in 2nd mortgage position to the underlying 1st mortgage, but they have the right to foreclose in 2nd position if something happens to you.Happy Investing Derek Dombeck

I am looking to use the BRRR strategy so any real estate agent that has experience with that would be a definite positive in my books.

If you are not familiar with them, you need to be, but the chances that you don't already know about Don Campbell and Patrick Francey are just about nil so enough said.Durham is very much a strong place to invest because positive cash flow is still possible. 

My textbook says, “to end a month to month tenancy, NJ requires one month’s written notice before the date the rent is due”. 

Think of his position.

If not, I believe you simply have to give them Proper notice of the sale.....in either case they have the right of redemption for 120 days, then their lien becomes invalid.