What is more likely is the original debt was $205M, and with accrued interest and fees, its ballooned to $260M? 

It only accrues when you actually pull the cash unlike a cash out.The only reason i can see to do a refinance right now is if your current loan is an FHA loan and you are looking to free up the FHA to use for another property.

@Austin JacobusFill out the Fafsa (starting Oct 1 now, not Jan 1 the following year), get free grants/work study/scholarships if you can, buy real estate and rent out rooms and units to other students to live for free, take out low interest and deferred student loans while in college, pay off students loans upon graduation before interest accrues with the profits from your real estate investing.

You can calculate redemption price tag by creating a spreadsheet that starts with the date of the auction, and the amount due on the date of the auction, then you accrue interest at 12% per year.On my spreadsheet, to keep things simple, I usually create one column that lists the date the interest starts--such as the date of the auction, and the date of payment of each year's taxes after that. 

You're there to engage, ask questions, study, master the vocabulary and pass every test keeping in mind you are acquiring a tool you can utilize to accrue *Career Capital

You will need to play very "by-the-book" to make sure that you don't accrue code violations and fines in your personal name as they will be substantially easier to prosecute against your individual person vs a corporate structure.

This tax is paid at your normal income tax bracket rate.Don't delay sorting this all out as penalties and interest will accrue.

Chris, I didn't want to draw the funds until I got a property under contract as to not accrue interest on the borrowed amount.

If you don’t have any passive income outside of this investment and the tax depreciation exceeds the proceeds, then it accrues until you can use it.

Since then, I've paid $550 in fees, and probably accrued over $1200 in additional taxes (total probably ~$3200 outstanding).