It would be rare for the lady to continue paying taxes on the building if she was foreclosed on...those being foreclosed on often can be psychologically unstable and volatile... paying property taxes usually is no where on their radar.

(Engineer, Doctor, Scientist, Dentist, Lawyer, Chemist, Nurse - sure then you need a degree) but if it's MBA, Psychology, Art, Music, Philosophy, etc - forgetta about it.

@Yash MirchandaniNot an expert in Wholesaling, but the aspect of seller psychology (not so much negotiation even), but just working the conversation to make the seller reveal their deeper desires and what they want to hear said to sell the property to you.

I’m a student of an area in psychology called Neuro-Linguistic Programming.

That being said, for most people, there are definitely psychological benefits to having no mortgage payment on your primary residence, especially if you are close to entering retirement.  

There is another wave of shadow inventory on the way due after the election. http://www.zerohedge.com/news/foreclosure-stuffingObama / Bernanke determined months ago holding foreclosures "off the market" would create a positive effect in the psychology of the housing industry.

Recently finished "4 Hour Workweek"Started on "Psychology 101" by Si Roberts.

I also like the psychological benefit of asking what the tenants want.

Another thing is, use a little psychology.  

I remember hearing that in a podcast and the psychology of it is fascinating.