My guess is that the LLC is a single entity with your parents as the true tax payer.  

   - I have about $100,000 in a etf fund in the stock market that yields about 9% and I get a dividend every month which I then use for our property tax payment every year.  

Foreclosing is expensive and while they are foreclosing on you, your obviously not making any mortgage, property tax payments ect which will reduce equity even more.  

You can also see if this IRS page offers any answers: http://www.irs.gov/uac/Newsroom/Tips-for-US-Taxpayers-with-Foreign-Income

Way lower per-capita (I mean taxpayers footing the bill) than California.

Then you’re stuck with something that’ll take a tax payment every year from you without ever really appreciating.

I mailed half to delinquent taxpayers and the other half to absentee owners.

But with school debt, you might wait around and see if the Gov (translation: taxpayers) will pick up the tab.

Further, the large discrepancy causing some homeowners' tax assessments to date back to 30 years ago is because of Prop 13 that protects older, long-time homeowners from higher tax assessments/ tax payments in CA (it limits the increase on tax assessments to a certain percentage of the previous year unless the property changes ownership, at which point the tax assessed value is updated within 12 mos of the close usually). 

There are some excellent tenants within the program who fortunately/unfortunately are saddled with utilizing section 8 as a last resort.I have multiple section 8 tenants and they are well respected by me, for keeping the place in excellent shape and paying their portion of the rent on time, even those who pay $0.00.On the other hand, it's important to screen them as vigorously as you would any other non-section 8 tenant and not because they have a voucher, which will deposit all or a large portion of the rent in a timely fashion.Yes, there are yearly inspections, but, I relish that as it ensures that my/your/other taxpayer's money which subsidizes the program is well spent and forces the landlord to keep the property in good working order not just at inspection time, but, throughout their occupancy of the property.