However, the neighboring building is about 20 feet longer than my building so there are about 20 feet where the building next door extends past my building.The building next to me is a vacant, bank-owned property that the DOB has declared an unsafe building due to a roof collapse in the back.

Does anyone know with the recent Tax Cuts and Jobs act for 2024 if bonus depreciation of 100% has been extended to 2026 for short term rentals? 

If the tax sale is void (such as taxapayer died before the auction and wrong name called off at auction) then investor gets paid only taxes and nothing else, not even interest.Alabama has extended redemption rights that result in all properties purchased from the state, even if you get a tax deed, being subject to an additional 3 years of redemption rights.  

Building: 3 flat with an enclosed Chicago porch where the flat (sloped) roof extends over it.

I believe it will barely break even and in addition to that, I wouldn't be able to afford an extended vacancy period either as that will require more reserves than I have currently available.

I live in Orange County, CA but I have extended family there and like the opportunities that exist in that area.

Looking to see if this might cashflow, or any wisdom from someone who may know the area to see if holding for an extended period of time (10 years) would be a good investment.

Is there an Extended Stay type hotel in your area?

We are going for ten with one option to extend for ten years.

(This is what I've been lead to believe)But, Are "Owners Title Insurance" and "Owner's Extended Coverage" and "Extended form policy" all the same thing, just different names or is there more to it?