Now that I have learned about notes it seems equally intriguing.

If you transfer it into an LLC that's a few more tax documents that he gets to fill out, which equals another few hundred dollars in his pocket.

What you can do instead is have your Seller agree to a "contract cancelation" and they will pay you a fee equal to what you would have gotten as an assignment.

If there is a seizure it will be of the entire lot not just the part rented to business.There are multiple cases in federal court right now where drug dealers in states that do not allow the sale of marijuana are asking why the federal government is not providing equal protection under the law based on which state the crime to took place.

As for your second question, assessments are subject to equalization ratios in most of NJ.

Three 15k deals at the same time will trump my 30k one all else being equal.

I may be wrong.what would happen if the mortgage and closing cost equal to the sale price and there is no income from the sale?

The tenant had the right to re-do the parking lot and with hold and equal amount of rent.  

And to echo what @Jeremy Pakalka also said, if all you're doing is looking to monitor listings than yes...they are equally good for those.

At a 5 cap, every dollar gained in NOI is equal to $20 in value.