As an auctioneer and consultant I see great transactions all the time; commercial and residential - the secret to equity success is to make many offers all the time. 

@Patrick Liska I had a free consultation with an attorney about 4 or 5 years ago and he basically told me that if the property was sold then the proceeds would pay off the outstanding balance of the first lien and any remaining would go to me.

Some years ago I was an office assistant/ transaction coordinator for a real estate company in AZ.Looking to jump into investing via wholesaling.Action steps I have identified are:• Build my buyers list• Analyze 100 properties in my target market• Consult with a lawyer• Consult with a CPA• Aquire marketing lists• Order 500 direct mail lettersI've been educating my self for 1 month, but I don't want to spend a ton of time burning time and I'm ready to start taking action.How can I find other active wholesalers in my area?

They are called on-call A&E consultants.

Lillian Shi , consult a NJ lawyer, but my understand is that if the IRS is named in the foreclosure and given notice, you should be ok.

If you want legal advise, consult an attorney.The way I read your lease break clause if you pay the amount of $2,288 you would be out of your lease.

@Raphael Thomas I actually run a Salesforce CRM consulting business, thought Salesforce itself would be rather expensive for a small operation.There are a ton of free and low cost generic CRMs out there.

Seek out a consultation. 

Is it worth the consultation fee?

(Always consult a lawyer, I'm not one 😉)As you can see, wholesaling is not easy nor simple.