But only after the IRS has officially given notice to activate that section.  

All of my LOs as the Optionee have been from sudden sellers (sudden job transfer, divorce, health, default) of pretty houses with low equity.I didn't do any of the tricks you mentioned, but they weren't listed on zillow or wherever either.  

I’ve searched this on google and I could not find any official answers so I came here in hope of insight.

So my grandmother is 80 years old and just stopped working officially last week.She owns a home and stills pays a mortgage on the property and since shes no longer working,does not have the means to pay her mortgage any more.I currently live with her and told her i wouldnt mind paying the full mortgage costs and all the bills that entail in owning a home but i would like to be a co-owner and when she passes the sole owner of the property.The house has been appraised at around 400 thousand and she owes currently about 225 thousand.I wanna know what options i have that maybe i havent heard of or seen,any insight or ideas are greatly appreciated.Thanks in advance,Alex.

Thanks for everyone's comments/advice, even though it wasn't officially directed at me. 

Never got an official notice of foreclosure or anything like that though.

I've lined up partners strategically both capital and labor partners willing to work with me, were solidifying everything on paper officially next week.we will be doing a deal rather quickly which is very exciting i have been looking at properties non stop day and night and any chance i get.

https://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/BP official Top 20.

.- The re-inspection fee, if needed, is typically in my area the result of a listing agent not doing their jobs and double strapping the hot water heater, putting CO detectors in, or otherwise ensuring the property is in financeable condition on the day it is put on the MLS, with no blatant health/safety issues, etc etc.

One of the members of the partnership DOES have a broker's license--would it be legal for us to officially call him the property manager, and I would work under him as an "employee", but I'm really the one doing all of the actual work involved?