It affects tax treatment since you may not be able to use depreciation and have to treat the gains at a higher tax rate.In the simplest terms, did you buy it solely with the intent of selling at a higher price and that is the only way you'll make money (i.e. no rent collections)?

A tax lien is not going to be a deeded interest in actual real estate so it's not going to qualify for 1031 treatment.

The police will simply learn slightly better techniques to camouflage unequal racial treatment, to add just a bit more plausible deniability to what they do.

I'm looking at a potential offer on a mobile home park that has its sewer serviced by a private (park owned) waste water treatment plant. 

Appears the problem in around the area where the gutter is curved going around the concave turret looking windows interior leak  2nd flloor ceilingoutside view of 2nf/ 3rd floor gutter system some previous treatment some treatmentclose up another viewright now looking for any ideas. 

If you also have an unallowed loss from these activities from an earlier year when you didn’t qualify, see Treatment of former passive activities under Passive Activities, earlier.Qualifications.You qualified as a real estate professional for the year if you met both of the following requirements.More than half of the personal services you performed in all trades or businesses during the tax year were performed in real property trades or businesses in which you materially participated.You performed more than 750 hours of services during the tax year in real property trades or businesses in which you materially participated.Don’t count personal services you performed as an employee in real property trades or businesses unless you were a 5% owner of your employer.

The only language I see is:"Borrower will not, without the prior written consent of SBA, make any distribution of borrower's assets, or give any preferential treatment, make any advance, directly or indirectly, by way of loan, gift, bonus, or otherwise, to any owner or partner or any of its employees, or to any company directly or indirectly controlling or affiliated with or controlled by borrower, or any other companies"

For the rare tenant who still complains, if we think it is a good, long-term tenant with a clean house so likely the neighbors causing the issue, we'll just hire a service and set up auto-pay quarterly as long as tenant agrees to schedule quarterly treatments without missing them. 

@Jonathan SantiagoThe tax difference between capital gain vs ordinary income is HUGE.Capital gain - Preferential tax rates if long term at federal level, subject to regular tax at state levelOrdinary income - taxed at marginal tax rates at federal level + Self employment taxes + state taxesIntent is what differentiates between a real estate sold being subject to capital gain treatment vs ordinary income.

And, this language allows us to draw the conclusion that each series is disregarded under federal tax law, regardless of treatment under state statute.This should be rather simple to fix.