Terms are always negotiable but docs should always be done by attorney / title company

Once it has been exposed a number of times for “upset bid” with no bidders, a “free and clear” sale can be held (after the attorney for the taxing authority gets the judge to agree to divest all liens).

However those who misrepresent their credentials or knowingly teach systems that do not work  can certainly be prosecuted and it's only a matter of time if the wheels aren't already turning in attorney general offices across the country for this to happen. 

Additionally, if he does have to foreclose, the costs of foreclosure (including his attorney’s fees, etc) will be covered as well.

Ask your attorney why.

Here’s a great article that walks you through how to qualify for REPS status.https://www.aicpa.org/resources/article/tax-rules-for-real-estate-professionalsEntity Structure ComparisonBe sure to consult with a CPA or tax attorney as the entity structure you select can have a significant tax impact.

I am a family law attorney in Plainview, Texas.

I would speak to an attorney first before you make any decisions.

Tenants and tenant attorneys don't care if you own 7 or 700. 

I'm ready to get my draft notarized but thought it would be best to find a real estate attorney to review first.