This strategy requires strict compliance with IRS rules and may not be practical for all situations.This post does not create a CPA-Client relationship.

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.

If the county is just posting the minimum bids and that is what you are seeing, they'll likely sell for a lot more than minimum. 

@Randee Erickson We are a very real company and we just saw this post as we are not active on bigger pockets.

.: Thanks to OP for this post!

This continued imbalance in housing supply to household formations and population growth.Changing Demographics and PreferencesPeople are also waiting longer to start families (Source), and people are valuing more the flexibility that renting provides in the remote work and online business era as well as the sense of community apartment complexes can provide in our digital and post-pandemic world where people feel less connected to the community than before (Source).

Quote from @Chad Swartz: Good question, BruceI have the same question so thank you for posting.

While OZ investments offer significant tax benefits, assess property risks and long-term potential beyond the tax savings.This post does not create a CPA-Client relationship.

It is nearly impossible to follow NYC's requirements and run a proper housing business.

More realistic to raise the QOZ money to participate in the post entitlement construction and stabilization hold period or alternatively entitlement through stabilization/hold period.