A number of states, including the two I am involved in, Texas and Arizona have enacted legislation controlling contracts for deed.

Some states have redemption periods, some states have no redemption period and you end up owning the property from that day forward.http://www.in.gov/legislative/ic/code/title6/ar1.1/ch25.html is a link to the Indian statutes for tax deeds.

Certain exemptions like "55 and older" communities have been included in the legislation while the "disabled only" is not specifically addressed - HUD has some specific programs for Supportive Housing (Section 811) - http://portal.hud.gov/hudportal/HUD?

I believe you should evaluate each property based on whether it meets the following criteria:• Located in an area likely to appreciate over time• Real estate investor friendly taxes and legislation• Sustained profitabilityBuying a property that does not meet all three of the criteria is likely to be a long term financial problem.

MencarowNo Comments Given the Dodd-Frank Act’s ill-advised, uninformed and, frankly, insane assault upon seller mortgages as virtually “predatory lending,” members of Congress —who vote on bills they have never read (as a legislative director in the US Congress for years I can assure you that is true) — and cushy-jobs-for-life-can’t-be-fired-no-matter-what-they-do-or-refuse-to-do bureaucrats (who determine how the laws that members of Congress never read are to be interpreted and enforced) need to understand is that seller mortgages are not loans — they are installment sales.

-Warren Lizio, Legislative Chair, IREM Chapter 4."

http://www.smallprop.orgIt's geared for small SF prop owners, only charges $75/yr, has an excellent newsletter with all the latest laws and screwy legislation/shenanigans our politicians are trying too cook up, and they have good local monthly meetings which you can attend.  

In our present political environment, it's an unlikely prospect - our federal government brought in legislation a few years ago allowing companies to bring in "temporary foreign workers" and pay them less than the standard wage for the industry in which they are working.The $15/hr proposal sounds like a similar idea to a living wage.

"Vaping" is starting to become a multi-billion dollar industry changing the rules on "smoking" and tobacco legislation.  

Will,Thanks to newer legislation you will be able to deduct some of those.