This cause our costs to go way up for subsequent taxes.

The IRS, if you ask them-they wont just offer, will/may grant a first-time-offender waiver, however this will only apply to the initial tax year you failed to file and not to subsequent years.I made the same mistake.

The date and time that his payment would be posted was sent to him via email, and subsequently processed.

As such, if you are a Realtor®, who has a personal contract on a property, and then you subsequently decide to assign your rights to that contract to another, that assignment fee is considered Personal Property.  

Many of these guys, especially the smaller subs, come onto my team with the express understanding that if they would like get my business and keep my business - that they are not to take on additional work for other investors/developers (people who are most likely to throw any kind of volume their way and subsequently compromise my ability to get my jobs done in a timely manner) without my approval.

The New Owner would need to establish a Homestead Exemption on the property for subsequent years.

A subsequent LL could do their due diligence and not have any indication of a past issue. 

I hope to increase budget for subsequent deals.I prefer to avoid a ridiculous commute, so Valley areas are not ideal for me, but Inglewood, Hawthorne, Carson and Long Beach are definitely viable options in terms of location - thanks for the suggestion @eric dowling !

We subsequently formed a second JV/LLC to develop a spec home in the Kirkwood neighborhood on an infill lot picked up in a tax lien foreclosure.  

If the buyers don't think they will make money then they won't be buyers and then Im stuck with a property.I was wondering though what contigencies to put in a offer on an REO so your post and thd subsequent answers were great!