Does the winning bidder 'inherit' the amount? 

I've been kicking around the idea of buying a new mobile home and placing it on some land I inherited.

The inherited tenant class, building condition, the financials and associated record keeping, bet you can't even find all the leases!

- are you inheriting a problem home?)

I can't understand how the state can get away with charging me inheritance tax on a house that I not only didn't inherit but paid for. 

When I purchased my 4 plex I inherited some tenant drama. 

Sometimes legislative bodies will write an initial draft of a bill with super harsh restrictions and then lessen the restrictions in response to public backlash and in an effort to pass a bill.

If you were to sell I'd only sell if you can qualify the sale for tax exemption or lessen the tax burden.

It was inherited. 

@Karla Slyngstad, in your example you would be taking what is commonly called mortgage boot (lessening your debt) to the tune of approximately $345K.