Nice to meet you @David Michael I am interested in doing foreclosures and I am in the process of becoming licensed in NJ.

You can still show it and run them through your processes.  

I'm starting to think ahead about the advertising and screening process and had a few questions.

I feel so ignorant, but can someone explain this process to me?

Earlier this year we replaced the original water heater (I am sure the new one wont last 33 years).They will be gone as of September 30th, then begins the rehab and renting process. 

At any rate, we are in the first stage of the process and don't need to do anything until one of the parties escalates the situation.Adam: thanks for your reply.

I want to start my own firm so that I can streamline the buying process for my own investments.

., while I go through the process, I’m happy to share my experience.

A couple weeks after closing, the buyer came back to me and mentioned that my property management company signed new leases and filled the vacant unit with new tenant during the escrow process (after I signed the contract but before the escrow closes).The new leases are 1 year long and the new owner is not happy as he cannot raise the rents.

Has anyone ever purchased a property where the current landlord starts an eviction process when under contract to purchase?