In the commercial mortgage space we have found that NPN investments can be divided between

(1) purchasing NPNs in which we’ve had no or minimal contact with the borrower, and

(2) purchasing NPNs in which we’ve worke...

There are two distinct things to knowHow to evaluate dealsYour market so you know what numbers to put in the formulas.You can learn #1 here.

These are 2 distinct classifications and are treated differently in the eyes of the law.

I won't go into all the details here but my point is to highlight a bit more what's happening in the industry and ensure folks know its a team sport, that there are clear distinctions between an operator / sponsor and sometimes they are one and the same, and that the person who may be raising capital should both practically and legally have a broad based role in the GP partnership. 

Heartland cities tend either to be slow, steady climbers, or stagnant for quite a while.Markets definitely have their own distinct cycles but they tend to not fall too far off of the macroeconomic cycles of the US real estate market.

The distinction between is one of attitude and action. 

Tax deeds are recorded in the county real estate records.With that distinction in mind, I'll try to answer your questions:Properties with outstanding tax liens are sold all the time - the closing attorney pays off the tax liens with the proceeds from the sale just like he or she would pay off an outstanding mortgage or any other lien on the property.If a property is sold at a tax sale, the previous owner can't sell it to someone else without first redeeming the tax deed.  

@Jack Ni There is a legal distinction between a SERVICE animal and an EMOTIONAL SUPPORT animal.

That will help you understand the layout of the city... but understand that Indy has distinct boundaries of neighborhoods and homes 2 blocks apart can be very different.

(Effective September 30, 2018.)(1) A landlord may not, based on the source of income of an otherwise eligible prospective tenant or current tenant:(a) Refuse to lease or rent any real property to a prospective tenant or current tenant, unless the: (i) Prospective tenant's or current tenant's source of income is conditioned on the real property passing inspection; (ii) written estimate of the cost of improvements necessary to pass inspection is more than one thousand five hundred dollars; and (iii) landlord has not received moneys from the landlord mitigation program account to make the improvements;(b) Expel a prospective tenant or current tenant from any real property;(c) Make any distinction, discrimination, or restriction against a prospective tenant or current tenant in the price, terms, conditions, fees, or privileges relating to the rental, lease, or occupancy of real property or in the furnishing of any facilities or services in connection with the rental, lease, or occupancy of real property;(d) Attempt to discourage the rental or lease of any real property to a prospective tenant or current tenant;(e) Assist, induce, incite, or coerce another person to commit an act or engage in a practice that violates this section;(f) Coerce, intimidate, threaten, or interfere with any person in the exercise or enjoyment of, or on account of the person having exercised or enjoyed or having aided or encouraged any other person in the exercise or enjoyment of, any right granted or protected under this section;(g) Represent to a person that a dwelling unit is not available for inspection or rental when the dwelling unit in fact is available for inspection or rental; or(h) Otherwise make unavailable or deny a dwelling unit to a prospective tenant or current tenant that, but for his or her source of income, would be eligible to rent real property.(2) A landlord may not publish, circulate, issue, or display, or cause to be published, circulated, issued, or displayed, any communication, notice, advertisement, or sign of any kind relating to the rental or lease of real property that indicates a preference, limitation, or requirement based on any source of income.(3) If a landlord requires that a prospective tenant or current tenant have a certain threshold level of income, any source of income in the form of a rent voucher or subsidy must be subtracted from the total of the monthly rent prior to calculating if the income criteria have been met.(4) A person in violation of this section shall be held liable in a civil action up to four and one-half times the monthly rent of the real property at issue, as well as court costs and reasonable attorneys' fees.(5) As used in this section, "source of income" includes benefits or subsidy programs including housing assistance, public assistance, emergency rental assistance, veterans benefits, social security, supplemental security income or other retirement programs, and other programs administered by any federal, state, local, or nonprofit entity.