Declaring war is bad for both parties.

Who cares flex the thinking muscles!

The agent did not declare that a specific zone is safe or unsafe  , she used her local knowledge and experience working over the years and also asked me many questions in the process .

What if one partner declares bankruptcy?

There's a "rare" case of the property owner declaring bankruptcy before the day of the sale... you can lose your entire bid amount that way... that's atleast what a lawyer stated in a consultation.3) you call the IRS lien department they can fax you a paper document stating if there is a lien or not its best to have this - unsure about the 120 days start date but we can safely assume it starts once the sale occurs or the date its switched legally in the clerk systems.4) State specific - FL the mortgage is wiped out and all liens (excluding municipality liens)5) No they're giving you a "tax-deed" - see my recently purchased tax-deed below (it may look a bit different after the county officially enters it in their systems which happens around 10 days afterward in FL).6) it depends on how your state does their tax-deeds if it has an online system you can literally see the mailings that have occurred and you'll know if the proper procedures were taken.

I just mailed him the key Monday, and within 3 hours of informing him, he tells that he has declared bankruptcy but would still like to rent the place and intends to pay. 

Would you be OK if they declared you in breach of the lease and kicked you out. 

If he is an LLC or Corp he will probably just declare bankruptcy, start a new company and do this to more people.

This property has not been operating or declared as a rental, so 1031 is not applicable.

Unfortunately, it was an older lady and she did not like that I declared the interest, which she had to claim as income.