Not a fun experience.In some cases, you can work with the water company & they will relieve you of some of the previous bills/outstandings. 

Solid demographics, good but not outstanding school system, decent value available.  

I've heard outstanding things about the banking industry in the region, but being so far removed it's hard to know who to approach.

Especially if someone wants out with unrealized capital gains or outstanding loans.  

My plan is to add it to our rental fleet (wow, that sounds big - but the fleet is really small so far).3bd, 1.5 bath with basement and back yard (property is included and is not part of any condo ownership).

Hello Everyone,Just wanted to introduce my profile to this outstanding group of professionals.

Is there an outstanding mortgage on the property?  

We have been renting elsewhere and were not able to buy another home with the outstanding mortgage hanging out there.

Doing a 1031 exchange to buy the outstanding tenant in common % of an asset is perfectly acceptable.  

Even if there are significant fees and back payments owed, I doubt there is enough meat in this deal to profit.The low amount outstanding makes me think this may be a second position note.