For example, in my state PA there is an inheritance tax and many TAX auction properties originate from people passing away and the heir(s) not taking control over the estate and paying those property taxes.

In the “old” days, people would have the seller pay the lender so as to not “alert” the lender that a property sale had taken place, so that the lender def wouldn’t trigger the so called “due on sale” that’s a part of almost every mortgage or deed of trust document.  

The credit committee is usually made up of local people who are familiar with the market they are in.

That’s the stuff people gloss over in spreadsheets but makes a real difference in how smoothly a project runs.

They likely know people in the area, and then they might feel that you are trying all avenues to find the next tenant.

Otherwise perhaps your winter people will pay $500 extra if your cap is $500 and that is not what your competitors will be doing. 

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People are not choosing the cheapest housing available.

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