.: @James Hamling And with a singular "simple" quite "stimulus" trillion handed to JP to "provide liquidity" to "Protect" creditors/ business/ Americans/ etc etc pick your slogan, we the American tax payers just funded the single largest hostile take over in human history.But no one talks about this and a big % of the people reading this don't have a clue what you are talking about!

Tax sales are a balancing act among (1) the need of government to collect property taxes and, if owners will not pay then, then to provide incentives for investors to purchase the tax rights and (2) investors, who need an attractive return for the risk they are taking, and (3) citizen taxpayers, who should not lose their property and all equity because of small debts and perhaps temporary or at least relatively short term financial difficulties.

(Using traditional affordable housing, this project would have cost $400,000 per door, so the potential savings to the taxpayers is significant)     Robert, did you look at the proforma? 

In the past, smaller taxpayers such as yourself held a disproportionately higher audit risk since it's a lot faster to audit the little guy which makes their numbers look better.

What if annual tax payments were made to keep it from going back to auction?

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts If you haven't already, also check out The Beginner's Guide (http://www.biggerpockets.com/real-estate-investing), it is packed full of great info. 

Maybe they cater to the government and are used to just spending tax payers money with no responsibility. 

This form includes their name, address, and Taxpayer Identification Number (TIN).2.

Another piece from NAR "The Truth About the NAR Settlement" about pervasive misinformation in the media:https://www.nar.realtor/magazine/real-estate-news/law-and-et...Interesting take on Youtube from Jack Gately (real estate agent but not a Realtor):Link may not work, google or search youtube for Jack Gately, "I read the whole 108 page proposed NAR settlement and found a HUGE LOOPHOLE"Notorious ROB's take on it (after he read the settlement) which I thought was really good (paywall alert, sorry):https://notoriousrob.substack.com/p/the-nar-settlement-first...

Here is the summary if you are interested.In this case, the main question is when did the investor completed his start-up phase and became actively engaged in his business.Whether a taxpayer is engaged in a trade or business is determined using a facts and circumstances test under which courts have focused on the following three factors that indicate the existence of a trade or business: (1) whether the taxpayer undertook the activity intending to earn a profit; (2) whether the taxpayer is regularly and actively involved in the activity; and (3) whether the taxpayer's activity has actually commenced.