What you have obtained is a "Tax Lien Certificate" with a yearly interest rate that accumulates monthly, and it could be redeemed at any time by the owner via paying the County the amount of taxes owned + interest accrued during those months. if it is so then the county will pay you back your principal ($2800+ interest accrued)If after a Redemption period of one year, you have no received your investment back, then you contact the tax collector office to let them know that you want to apply for the deed of the property that you are holding the tax lien certificate.After application is completed, the Tax collector Office sends the application to the Clerck office for review and to schedule a Tax Deed Auction. 

I discovered BP when my brother sent me a webinar invite as I had expressed curiosity in the real estate world.

@Steven Rodriguez, you have started by doing the right thing which is asking questions, your mind is in a good place, keep inquiring, keep your curiosity up, keep learning, absorbing and asking, don't ever feel that you are annoying anyone by asking questions, read books, attend webinars, you are in a good place in life in that you don't yet have a mountain of bills to pay. utilize that time to build your knowledge @Dan Sheeks has  stretched out a helping hand to you- that's a very good thing and a very important type of relationship you need- someone to talk to, ask those questions, clarify your thoughts, get guidance.

interest accrues during this time and loan will be re-amortized to reflect such (offer good until 12/31). this applies to any existing loans as well as new.worth taking the loan for REI...Thoughts?

He then later texted me, “just out of curiosity what do you think the property is worth?”

Just out of curiosity the $850 you mentioned is that for a 1 bedroom?

They'll likely just let the fines keep accruing, but by definition, a lien against a property means it can be foreclosed on to repay the lien.

Just out of curiosity, why would you not recommend your real estate agent? 

You don't want to conduct rental activities under your flipping business umbrella.If you are planning to rehab then flip these properties,All of your costs are accrued as cost of goods sold and recognized in the year of sale. 

:)Out of curiosity, what drove you to consider Kansas City?