Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.

And you would get to indefinitely defer all tax on the gain from the sale.

I understand the safest option is to have a lawyer review the lease, but I figured I'd try to answer my beginner questions here and not waste the lawyers time (and my money) on the "for dummies" explanation.Thank you!

Hopefully your lawyer also mentioned insurance- title and hazard.A quitclaim deed transfer can hurt your title chain and title insurance. 

You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

It is DSCR based and no personal tax returns are required to qualify.

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction? 

And that is a licensed MLO  Lawyer or in some instances a RE broker..

Then purchase a Note, generate $250 - $300/mo tax free!

Another option is investing in real estate through partnerships or fractional ownership, focusing on properties that yield cash flow or appreciation potential.For long-term growth, consider diversifying into assets such as private equity, tax liens, or even certain types of real estate that offer both capital appreciation and income potential over time.