Halifax incomes haven't kept pace with home prices.While these are all based on single family homes, it can't be much different for small apartment buildings based on your description, Nick.So if it were me, I'd sell.

Look up the recording in Book 833 and get the legal description of the secured property from that you can get an address through the Assessors office.Or, you could call the Trustee and ask.You might be able to do a name search for the owner as well and gey the address.The filing will show the initial lender as the note could have been sold.

I'd say the taxing authority is out of luck and so is the next owner and the mistake was allowing such properties to be on seperate legal descriptions and tax bills!

Should I raise the price on the old MLS listing with old pictures and say new pictures coming soon and list all the features which are being added in my ad description?

I have it and it is a very good template with good descriptions of why he included certain things.

Thus it is not proper for such a broker to undertake to devise the detailed terms of a purchase-money mortgage or other legal terms beyond the general description of the subject property, the price and the mortgage to be assumed or given."

Property legal descriptions need to be understood and due diligence becomes more complicated.

If asking too low, you may get derelicts.If asking too high, you may miss your target market.You can use various sites and A/B test by listing with slightly different prices and descriptions to find best price.

The secondary market limitation is by property, not by the number of loans, although fannie says it's the number of loans in the secondary but obtaining a blanket loan on 9 properties does not put you into a position of a small investor for underwriting purposes, 10 units, 10 roofs, 10 legal descriptions owned and financed by any means puts you in the RE investor category, need to live with it and get with a bank and begin setting up your portfolio as an investor in the RE business.

If the chain is messed up, even with a typo in the legal description, you could have big problems down the road.