Then, even if you managed to do that and he still held the note he could make your life difficult until you refi him out.

I would think that an investor who invest ordinary income would still benefit from the step-up in basis if that investment is held for 10 years in a QOF?

Howdy @Daniel DanyusLooks good other than you do not have anything held back for CapEx.  

My question is, since there is no title, can I be held responsible for any past liens against the mobile home?

I reached a niece that held a memorial service for the deceased owner. 

If the mortgage is held by US Bank, then likely not much you can do as they will just carry out the FC. 

Because its yard was so neglected I held out hope that it would not be redeemed.

When I got the approval from the assistance program, I called and told him I had cancelled the court date and held no ill will regarding the late rent.  

@Costin IorgulescuWhile there is technical merit to the differentiation between the tax performance of passive real estate held personally and within an IRA, the argument misses the key point.When investing your IRA in any asset, you are not comparing that investment to how it would perform in the after-tax world. 

Did you form a separate Corp or held it within your Canadian entity.