we weren't aware of that and got slapped with a huge tax fee unexpectedly!

property radar does this on the west coast .. not sure if they have gotten to the east coast yet.its a paid for subscription but its uber powerful with many many features and notice of defaults are one of them. 

FreedomSoft CRM is another powerful option that can make lists, market, and follow up as easy as a few clicks. https://freedomsoft.com/?

For me, everytime I think my life is on a straight road next thing I know here comes an unexpected twist and turn.

We find win-win solutions that lead to profitable deals by getting to know each other, figuring out pain points, and using our negotiating power.

I'm not a CPA (although I do know a great one that specializes in RE specifically) but you can run a cost segregation study to accelerate depreciation into the first year to help on taxes (although this is phasing out, but can still be powerful), and may help with your plan to do Roth conversions. 

Things don't always go as planned so plan for the unexpected.

I understand unexpected things come up as the work progresses, but how is this typically handled?

And your heirs will always be grateful for the tax free legacy of wealth you left Them.Post being - Deferring tax on real estate is even more powerful than investing in a tax deferred IRA or 401K because there are several off ramps to eliminate the tax throughout your entire life - and beyond.

We deal with some of the best "we buy" folks on the east coast.When the property condition is unexpected, they terminate during the study period... as they have reserved the right to do.