@Roman Rytov The end taxpayer is what is important, you will want to ask a 1031 accommodator (talk to your title company and ask if they have a group that does it, often they do.) 

I tend to get letters after the towns update their assessment lists, I think they are just looking for properties with a taxpayer address different from the property address.Anyway, here's the deal.

Trust Deed mortgages in Calif. make the loan callable if the borrower doesn't make property tax payments, mortgage payments, insurance payments or maintenance repairs.

Current Data are:NOI using previous tax assessments is 37,000 per yearAnnual Rents are 43,200 per yearCurrent accepted cap rate for comparable sales in the past year is 10%With these numbers, the sellers are using a cap rate of approximately 9.25% BUT using previously ridiculously low property tax payments of 2400 per year.

I also heard there are 3 major projects that have failed that will cost RI tax payers around $150M in upcoming years.

That article may have been written before new tax laws were enacted that now limit people to one 60-day rollover per taxpayer per year, regardless of how many accounts you have.  

They will call off everybody's top five first, and then the rest are by alphabetical order, for taxpayer's last name.  

If the tax payer or property owner decides not to pay their taxes or something has happened to them then you may have to foreclose yourself or lose your investment. 

I myself represent taxpayers before all levels of the IRS and am very successful.

Ex HOA dues, tax payments etc)*Member of professional organization such as IREM or NARPM?