I hope I can be an asset to this website and get ideas to polish what we currently do as we'll as try things we have not yet

I also think @Shayne Brescia nailed it on the head about the delayed release of these foreclosure properties

You nailed it, I am looking for reassurance on not selling the home but really more specific advice on how to let the tenant down easy.

(not much cap apprec here).The S-corp audit was for the 2007-2008 returns but then the LLC got nailed for 2009 & 2010.

Paul Zofsak - David hit the nail on the head.

Nailing this down isn't always easy.Here's an overview of my first deal:1) I came across a 0.50 acre lot in Central MI.

Hopefully you hold title in a tightly maintained LLC, that's preferably NOT a 'sole member' LLC.However, it does need to be addressed immediately, a local investor friend of mine just got nailed $2000 for failure to clean it up on time & his units are empty, & he can't rent the units or sell them until its done.It appears that his local Bldg Inspector was roaming the 'hood for violations & had several local landlords in housing court.Lead Paint ramifications are a serious issue that is haunting our local landlords, esp the uninformed.good luck & keep us updated...

Tom hit the nail on the head.

I'll try to nail down more specifics in the coming days.

Those types should be nailed, IMO.