I have glanced over some of the new law, from my initial interpretation the new system will: - Premium bidding to win a tax lien, non refundable premium bid will remain the same. - 3 year redemption period will remain the same. - You no longer simply apply for a deed after 3 years and get it after the county attempts to find the owners.

@Jason Redeker happy to answer any questions about operating short-term rentals in the Lake Geneva area...I'm the owner of Elite Lake Rentals and we manage 7 fully-licensed homes there...3 in the city limits (180 consecutive short-term rental days with the remaining 6-months being 30-night min or 1 rental per month) and 4 other homes that can be rented year-round. 

Even if you use the installment method to defer some of the gain, the exclusion of gain under Section 121 remains available.As for your seller financing question, zero percent seller financing is fine.

There are 25 properties that have notes just to be clear.   28 years remaining on payments. 

However, sellers should take note: while prices are up, the percentage of the original list price received has remained at 97%.

But if this remains your primary you can take out up to 90% CLTV using a HELOC.

They only owe about $270,000 on a 1st lien that dates back to 2021 which is at 2.875% Interest and will remain at that FIXED Interest rate for 4 more years.

Vacating a jointly-owned Property: A Borrower may be eligible for another FHA-insured Mortgage if the Borrower is vacating (with no intent to return) the Principal Residence which will remain occupied by an existing co-Borrower.

Were you planning on renting it out (where that tenant COULD remain?)

So, if they have a lease with 8months remaining, and you buy on an owner-occupant mortgage requiring residency within 3 months (typically) you would have to take the vacant unit and honor the remaining term of the existing lease.When that lease expires, I am guessing, you have every right to not renew their lease.