The judge has to rule in his favor, unless the taxpayer redeems.

Tenants (and buyers) favor it. 

Since these are duplexes on three lots - we hope to leverage conventional financing for the most favorable terms available.

So for you to get a tax relief, can be difficult, but doesn't hurt to ask a qualified CPA / Real Estate Attorney, but odds don't look too much in your favor.. 

With your experience, you'll get favorable hard money terms and with that kind of spread, depending on the amount of rehab needed, you should get a sizable return.Best of luckStephanie

They knew they'd make some deals that weren't winners, but by the time it was all said it done it averaged out in their favor. 

Even if you could find a lender who would entertain the idea of being in 3rd position, the terms will most likely not be favorable to you.  

If you were seller, you would have acted in the same manner.Do you sue someone just because a deal didn’t work in your favor?

As I said, it was a favor for a friend.

You could buy the property "subject to" and then refinance into more favorable terms after the first year (a BRRR - Lite) type thing where you could give yourself even more margin on the monthly cashflow to extend whatever is left on the loan back out to 30.