I track several streets in my marketing area through the county assessor and auditors office.

I can't tell you over the last couple of years the amount of time and energy that has been spent going round and round with accountants and auditors about taxation's applicable rules.

I have several birddogs and a gentleman who is a insurance auditor finding deals for me.I will keep you in mind as well Ursula

I'm no tax expert, just an old regulatory auditor, accountant and finance guy.Charles, who posted just ahead of you is a CPA and investor who, so far has given solid advice on PB.

Funny thing just talking with an investigator/auditor from the Real Estate Agency and he reaffirmed that if you don't actually buy the property that you can't reassign the contract as is typical in wholesaling.

Bill,That is from conversations with several IRS Auditors and appeal agents.

Get list of delinquent taxes in your countyGo to county auditor/assessor/recorder and look up property card, etc.

Accounting wise, you can dig and work some accounts backwards to obtain great insight to any business, this may require an auditor if you are not an accountant, depending on the operation, it might be a good idea to get professional assessments, prior to closing.I say prior to closing as you can make your contract contingent on verified income, expenses, etc. with such being a final investigation after a price is agreed to.

He checked with a Special Auditor from NM State who says, "...even though you don't have a contractor's license you are 'engaged in the construction business' so you are required to follow the same statute."  

Zestimate has this duplex at 350k, auditors website has the land and improvements at 258k.