We could see less homes come on the market as well as duplexes that sit for longer periods of time before going into contract.

After the 3 year period to redeem property, what am I to do as the tax payer?

MLS, direct mail, through a wholesaler, etc.The property can be located in PA or NJ, they do not care.We have to send them a detailed comp reportWe have to have our GC's come out for bids (on our dollar)We have to have our inspector come out (on our dollar)We have to get the property under contract with a 10 day inspection period before we can show it to them or have their inspector come outThe contract has to be assignable$50,000 is the profit they ask us to shoot for6-8 week rehab time, no structural issuesOnce we find a property and get it under contract, we must immediately pay $795 for their inspector to come out, send them our comp report and our GC estimates.  

1) continue to maximize and hone your listing over a 2 week period. 

(I have not signed and returned a copy to the tenants) Within the past week or so while renovating the vacant unit, Ive noticed an unusually high amount of activity pertaining to one of the occupied units i.e. vehicles stopping at the property for short periods of time, the tenant leaving as a passenger in a vehicle, then returing on foot, different people coming and going on foot.

Law requires a 3-day grace period, so I charge a late fee on the 5th and never waive it.3.

I can tell you that from the inception dates of our wired capital into REM, we have seen a total of $12.04K back in distributions over around a two year period. 

Colorado is considered a “caveat emptor” state, aka buyer beware so the onus is mostly on the buyer to uncover any issues during their due diligence time period.

The seller will not let us extend due diligence and will just put it back on the market and said he could do these repairs for half of the cost of the low bid (~5k).

We always do a 15-business-day inspection period and advise the seller that we will need access to the property, which usually takes 2 to 3 days to get our financial partners and contractors to the site.