Land use: 5300 - 3-FAMILY PLATTED LOTProperty Class: THREE FAMILY DWELLINGZoning Use: TWO FAMILYI've heard to just stay away from these types of 2 buildings on 1 lot deals but I can't help my curiosity to understand how this works. 

I got my license out of curiosity, but have never used it.Now that I'm looking to start investing, I'd like to be able to utilize my license and make my own offers, do my own listings, etc.

With a recorded lien, you calculate the accruing balance, and add a few thousand for atty fees...or you call to get a balance, if you can.

RE taxes accrued from the sale date will need to be paid as well.

It was since defaulted on years ago, and now arrears have accrued.

For fun, I calculated the amount of interest accrued/time if I literally just paid the minimum and it came to 14.7 years with $1,436 in interest, and 6.3 years with $580 interest on the second. 

The accrue of that interest charge would be on your book not in the deal.

Set the deal up so that you get rents before the note payment is due, If you close on the 15th of a month, your first note payment will be due the first of the following month, skipping 45 days with interest accruing from the date of sale.

I have always loved the idea of investing in real estate and would like to try and accrue as much knowledge and capital as possible in the next few years.

-Curiosity/ Willingness To Learn: Ever since I could formally open my own wealth management account, I have had a passions for investing and learning as much as I could about the topic.