I was wondering:  I suppose a person can stop paying property tax and eventually the State will take it away...but I am worried about legal consequences or penalties for doing that.

But the key to if this is going to have negative consequences is how many investors are actually using them.

Therefore, there may be consequences such as transfer tax etc.

You took tax consequence get into RE. 

Hello, I am trying to get an idea for the tax consequences I would face by selling a property that I acquired via 1031 exchange. 

I'm not sure if that means there were none to be found, or they are not coming up in that company's search, either.This is NY's way of helping the "downtrodden" deadbeat tenants find housing in the future and avoid facing consequences of the reputations they forged with their own actions.

They now fall under the domain of "executory contracts" and have very large consequences for owners and little to no risk for the renters.

There are several approaches to doing lease options, and consequently, many variables... so it would be prudent to do so to 'maximize' the exposure, pre- screen the largest number of applicants, increase the likelihood of 'closure' (selling the property) with the tenant buyer(s) and structuring the deal, to optimize your ROI.

It seems academic but similar consequences in other areas (e.g.

I would NOT want to create an environment where people looking for a quick buck become a headache around the neighborhood and consequently relating back to me.2.