I am the recognized expert in ALABAMA tax sales law, policies, and procedures.

I speculated that he was wanted by the law, was involved in a nasty divorce, or owed money to some money source that does not recognize Federal Bankruptcy, take your pick. 

I believe that the gain is recognized in 19 but tax only follows receipt of funds in 2020 right?

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

They painted a different picture in their minds from all they hear and read before they bought their STR.However, I recognize that this PM company is not going to improve and immediately send a cancellation request notice which takes effect 90 days later (end 10/25).

Also recognize that if there are more defaults in the association, again your buyer pool will be very low as investors typically do not like condos and most owner occupied borrowers do not have cash.IF I was buying that many units I would also have a third party engineering study done or ask the HOA when the last one was done.

Be on the lookout for another message maybe even thread on entrepreneurship and recognizing your blind spots. 

Recognize communities, property prices, and growth-oriented places.

I don't gamble in the stock market.Isn't part of it, that you can create generational wealth by investing outside of a 401(k) into real estate and pass those houses down tax free to the next generation using the stepped up basis?

This is not the first time I have heard of issues of this nature as many of the investment clubs I am in are seeing GP's stopping the issuance of dividends and performing cash calls.Lastly, if you are a single family investor and thinking - who cares this is commercial, recognize commercial real estate has a significant impact on residential real estate since it will lead to banks being more strict on lending and a drop in rental rates on MF will make its way to residential.