One thing to add is that when you buy a new build, your PITI will likely not be factoring in the correct state tax number.

Instead, You get to use the tax for your own benefit and purchase better property/ properties.

Tax deliq, preprobate, etc.  

I've sent letters to the owner on tax roll.

.- The TL states that those are technically the team's leads and I will owe the 20% if they convert within the year since I was given training (which I was not), lender referal (which was forced on me by the TL even though I work with my own lenders for my clients).Is the above statement true/legal/valid?

@Megan HerringtonBigger Pockets is a great place to find a real estate tax accountant. 

Would the federal tax liability be $140k at year 5 for the sale, with long term capital gains (ignoring any Net Investment Income Tax)?

When you add purchase price, carrying costs for at least 6 months, materials, labor, real estate agents costs and taxes, do you have at least a projected 10% profit?

.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.