Since the taxes are unpaid, it is likely the property is paid off, unless he has a lender/loan servicer that is just being lazy and allowing unpaid taxes and fees to accrue.

Just out of curiosity, what does your inquiry volume look like now?

Out of curiosity, why would you aim to get into a deal and then use the profits to learn more?

@Mary Mitchell out of curiosity, how do you do the online applications?

We are on a shoestring right now, we have spent all of the money we are able to on necessary upgrades and furnishings etc, and given the tax/insurance/electric/gas/cable and wifi bills that are going to be due on the regular there isn't time or money to upgrade kitchen or furnishings, we were hoping that maybe we could accrue enough of a surplus that come spring we might tackle a kitchen reno or other such projects, but at this point I am not holding my breath.I will look at our prices compared to other similar properties, I had been under the impression that we were priced lower, however it seems I am mistaken given the feedback here.

@Patricia Luna, just out of curiosity have you tried buying your neighbor's half of the property? 

How interest accrues (typically it is simple interest per year)4.

Please note any unpaid preferred return will be accrued:Senior debtholderRepayment of capital and any accrued returns to meet the 9.0% preferred returnAt sale investors will receive their pro-rata share of 25.0% of the remaining profits

If anything were to happen, the free and clear could help cover the leveraged properties.Just out of curiosity, where abouts in the "north country" are you investing?

Out of curiosity, what was she kicked out for?