I have a bit of a background in finance, but I'm still in the process of spending some time educating myself on the foundations of having success in real estate investing. 

Is there any chance that a novice like me can win the auction, also looking for advice on the process

I  purchased another rental on that street a few weeks ago and I am in the process of getting it ready to rent.   

In the process of making an offer (but just prior to submitting!)

Do you involve an attorney in the process?

So for me, the process of finding the deal was definitely the most challenging part of my first deal.     

Fairly new to BP and have a question for those who may be familiar with converting a Legal 2 family (multi-family) home to a Legal 3 family home.Does anyone know what is the process for doing this conversion in NJ (Jersey City) to be specific?

They were somewhat slow on process-4 weeks-but they had the best package.

It is our intention to keep adding rentals to our portfolio  for a while, as we are well-suited to owning and maintaining buildings, and we really enjoy the process of buying ugly properties and then transforming them into something that can bring us a really regular income from renting them.  

I'm looking at buying a foreclosed property during the redemption period. My question is if there is a secondary lien against the property was it satisfied during the sheriffs sale or will it just move up to first lie...