I was thinking of lending as a refinance at 9% for 7 years as a first lien holder.

On top of that, the requirements of self-directed tax advantaged accounts require that holders remain passive, not active participants. 

Each metric was graded on a 100-point scale, with a score of 100 representing the healthiest housing market.Finally, we determined each city’s weighted average across all metrics to calculate its overall score and used the resulting scores to rank-order our sample.Each city in our sample was categorized according to the following population-size guidelines:Large cities: More than 300,000 peopleMidsize cities: 150,000 to 300,000 peopleSmall cities: Fewer than 150,000 peopleReal-Estate Market – Total Points: 80Home Value Forecast: Full Weight (~5.33 Points)Note: This metric is based on Zillow’s Home Value Forecast, which predicts the Zillow Home Value Index one year from June 2018.Median Home-Price Appreciation: Full Weight (~5.33 Points)Average Number of Days Until a House Is Sold: Full Weight (~5.33 Points)Share of Homes Selling for a Gain: Full Weight (~5.33 Points)Share of Listings with Price Cuts: Full Weight (~5.33 Points)Share of ‘Underwater’ Homes: Full Weight (~5.33 Points)Note: This metric measures the percentage of homes with negative equity.Home Sales Turnover Rate: Full Weight (~5.33 Points)Ratio of Rent Price to Sale Price: Full Weight (~5.33 Points)Foreclosure Rate: Full Weight (~5.33 Points)Share of Delinquent Mortgage Holders: Full Weight (~5.33 Points)Number of Bank-Held Homes: Full Weight (~5.33 Points)Note: This metric refers to unsold Real Estate Owned, or REO, housing units.Vacancy Rate: Full Weight (~5.33 Points)Note: This metric was calculated as follows: Vacant Housing Units / Total Housing Units.Buy vs.

Bid on the property that is being foreclosed on by 1st lien holder because it wipes clean all the loans taken after that one.

One of my tenants messed up my towel bar (it was evidently pulled on and the screws got pulled out of the drywall on one side - the prior owner who installed it evidently had the left side screwed into a stud and the right side of the holder screwed into the drywall and nothing else - but it wasn't an issue as it had been fine for a few years with the prior tenant and who knows how long before that - I had restained the towel bar as it is wooden so it clearly had been used for years). 

Somebody is the holder of this debt.

As holder of the 'option', you should educate yourself on how the state looks at these transactions.

Besides any legal complications for the deal itself, most lenders and note holders would prefer to not to be known forever as the one to put charity X or church Y out into the street?

As a cert holder I don't "own" the parcel but I assume I could purchase the redemption rights assuming I could find the taxpayer.

Seller financing would be where you'd be obtaining the property and going on title and the seller would become the mortgage/lien holder.