Will the tax sale still proceed, or does a binding contract changes things? 

We want to continue to acquire property, just not sure how to proceed after such a big road block.Quee, first, I’m sorry about the “hiccup” you experienced in your real estate investments.  

Hi, so far the properties we have bought in the past only needed under 15k in repairs. This will be our first property that would need major repairs. Up (2 bed/ 1 bath)  and down (1 bed/1 bath) duplex located in a B-/...

Normally, I would expect to see all units prior to writing an offer and that is still what I recommend; however, my client chose to proceed without seeing the other units when prompted; presumably because the building was so new.First lesson: do your best to see all units before writing an offer. 

If they were my tenant I would proceed the same as any other tenant that had given notice.  

Does anyone have any suggestions on how to proceed? 

If I sold, I would try to find a rental property or two with the proceeds. 

So people can start bashing on me for this, but I don't see a significant problem and haven't had one. 

Consequently it requires self-restraint, persistence, and being always ready to take initiative as you proceeds with your investment journey in housing business.Good luck!

******************************Current Loan Bal - $315kMortgage Pmt - $1344/mthProp Taxes - $840/mthInsurance estimate - $300/mthTotal estimated PITI = $2,483/mthHOA - $124/mthTotal Monthly Expense (not incl, Vac & Coll, Mgt, or Capex) - $2,607************Estimated Monthly Rental Income = $4,000 to $4,300Estimated Net Income - $1,393 to $1,693  ($4,000 - $2,607, etc)Annualized Net Income = $16,711 to $20,311***********Estimated Current Sales Price = $830,000Est sales cost of 6.5% (5% commissions + 1-1.5% other costs) = $53,950Est Sale Net Proceeds - $776,050Est Net Cash (after loan payoff) = $461,050 ($776k - $315k)******************************Est % ReturnsAs a Rentalbetween 3.62% to 4.41% ($16,711 net inc/$461k net cash from sale, etc)Again, this does NOT include vacancy, collections, management, or capex, etc.