Reassessment occurs when there is a change of ownership. 

Cash flow is necessary to make the financing work, but the more meaningful realization events occur when the properties appreciate or value is created through development. 

I assume the answer is yes, since the tenant(s) is/are still responsible for the property and any damage that may occur.

Conduct an Internet search or call your favorite title insurance company to confirm the following:Federal Tax Liens Take Priority Over Superior LiensOne exception to the lien priority rule occurs if you owe an unpaid tax debt.

For that to occur the Grantee must meet the definition of Insured as shown in the policy. 

If the foreclosure occurred a long time ago, the foreclosed debt doesn't have collateral and therefore the debt should be unsecured?

Once you have all of the above which typically occur somewhere in the 5 to 7 years post residency, then my suggestion would be considered passive investing through syndications. 

Correct, the step up in basis would occur to be the FMV on the date of death assuming a 50% ownership stake.

I would highly recommend you to use Wordpress.

Got quotes that came up to as high as 8k one time and found many companies that would cover the home but would exclude Wind and other items which is not good in the state of Florida where hurricanes occur.